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D-2, r. 17 - General Regulation to govern the regulations of a parity committee
Section 36
Disposition versions
36. A member must act in the interest of the parity committee and avoid placing himself or herself in any situation where the member’s interest or that of a related person would be in conflict with the member’s obligations as a director.
A conflict of interest means, without limiting the general scope of the expression, a real, apparent or potential situation in which a member would be likely to favour, directly or indirectly, the member’s interest or the interest of a related person, or directly the interest of the contracting party that appointed the member or the entity that the member represents to the detriment of those of another person.
A “related person” means the spouse, that is the person who is married to or in a civil union with the member or has been cohabiting with the member for more than 1 year, and the child, brother, sister, father, mother or grandparents of a member or the member’s spouse.
In force: 2022-09-08
36. A member must act in the interest of the parity committee and avoid placing himself or herself in any situation where the member’s interest or that of a related person would be in conflict with the member’s obligations as a director.
A conflict of interest means, without limiting the general scope of the expression, a real, apparent or potential situation in which a member would be likely to favour, directly or indirectly, the member’s interest or the interest of a related person, or directly the interest of the contracting party that appointed the member or the entity that the member represents to the detriment of those of another person.
A “related person” means the spouse, that is the person who is married to or in a civil union with the member or has been cohabiting with the member for more than 1 year, and the child, brother, sister, father, mother or grandparents of a member or the member’s spouse.
