D-2, r. 17 - General Regulation to govern the regulations of a parity committee

Section 38 Disposition versions

2022-09-08

38. A member must declare to the board of directors, using a declaration, the direct or indirect interests the member holds or that are held by a related person in a body, enterprise, association or any other entity that could place the member in a situation of conflict of interest as well as the rights the member may invoke against the body, enterprise, association or other entity indicating, where applicable, the nature and value of the rights.

The declaration of interest must be sent within 30 days of the adoption of the code of ethics and conduct or of the member’s appointment, as the case may be, and every year thereafter.

Subject to section 35, the member must also send the declaration of interest to the contracting party that appointed the member or the entity that the member represents.

A member may not participate in a board meeting if the member has not sent the initial or annual declaration to the board.

In addition, a member must, without delay and in writing, inform the board and the contracting party that appointed the member or the entity that the member represents of any change to the declaration.

A declaration or any change to the declaration is entered in the minutes of the board meeting. The declaration or change is confidential, subject to section 23.1 of the Act.

O.C. 1535-2022, s. 38.

Not in force

In force: 2022-09-08

38. A member must declare to the board of directors, using a declaration, the direct or indirect interests the member holds or that are held by a related person in a body, enterprise, association or any other entity that could place the member in a situation of conflict of interest as well as the rights the member may invoke against the body, enterprise, association or other entity indicating, where applicable, the nature and value of the rights.

The declaration of interest must be sent within 30 days of the adoption of the code of ethics and conduct or of the member’s appointment, as the case may be, and every year thereafter.

Subject to section 35, the member must also send the declaration of interest to the contracting party that appointed the member or the entity that the member represents.

A member may not participate in a board meeting if the member has not sent the initial or annual declaration to the board.

In addition, a member must, without delay and in writing, inform the board and the contracting party that appointed the member or the entity that the member represents of any change to the declaration.

A declaration or any change to the declaration is entered in the minutes of the board meeting. The declaration or change is confidential, subject to section 23.1 of the Act.

O.C. 1535-2022, s. 38.