H-5 - Hydro-Québec Act

Section 7.9 Disposition versions

2022-06-03

7.9. The functions of the governance and ethics committee include

(1)  formulating governance rules and a code of ethics for the conduct of the operations of the Company;

(2)  formulating a code of ethics applicable to the members of the board of directors, the officers appointed by the Company and the employees of the Company and the legal persons at least 90% of whose voting shares are held directly or indirectly by the Company, subject to any applicable regulation made under sections 3.0.1 and 3.0.2 of the Act respecting the Ministère du Conseil exécutif (chapter M-30);

(3)  developing expertise and experience profiles to be used in appointing the members of the board of directors, except the chair and the president and chief executive officer; the profiles must include management experience that is relevant to the position;

(4)  formulating criteria for evaluating board members;

(5)  formulating criteria for assessing the performance of the board; and

(6)  developing initiation and ongoing training programs for board members.

The committee shall conduct the assessment referred to in subparagraph 5 of the first paragraph in accordance with the criteria approved by the board of directors.

2006, c. 59, s. 52; 2022, c. 19, s. 148.

2006-12-14

7.9. The functions of the governance and ethics committee include

(1)  formulating governance rules and a code of ethics for the conduct of the operations of the Company;

(2)  formulating a code of ethics applicable to the members of the board of directors, the officers appointed by the Company and the employees of the Company and its wholly-owned subsidiaries, subject to any applicable regulation made under sections 3.0.1 and 3.0.2 of the Act respecting the Ministère du Conseil exécutif (chapter M-30);

(3)  developing expertise and experience profiles to be used in appointing the members of the board of directors, except the chair and the president and chief executive officer; the profiles must include management experience that is relevant to the position;

(4)  formulating criteria for evaluating board members;

(5)  formulating criteria for assessing the performance of the board; and

(6)  developing initiation and ongoing training programs for board members.

The committee shall conduct the assessment referred to in subparagraph 5 of the first paragraph in accordance with the criteria approved by the board of directors.

2006, c. 59, s. 52.