C-8.1 - Act respecting the Centre de recherche industrielle du Québec

Section 11 Disposition versions

1997-06-30

11. No member of the board of directors holding office on a full-time basis with the Centre or one of its subsidiaries may, on pain of forfeiture of office, have a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Centre or one of its subsidiaries. However, forfeiture of office is not incurred where the interest devolves by succession or gift, provided it is renounced or disposed of with dispatch.

Any member of the board of directors, other than a member holding office on a full-time basis with the Centre or one of its subsidiaries, who has a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Centre or one of its subsidiaries must, on pain of forfeiture of office, disclose his interest and withdraw from the meeting while any matter connected with the enterprise in which he has an interest is being discussed and voted on.

Any member of the personnel of the Centre or one of its subsidiaries who has a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Centre or one of its subsidiaries must, on pain of forfeiture of office, disclose his interest in writing to the chairman of the board of directors of the Centre or, as the case may be, of the subsidiary.

1997, c. 29, s. 11.