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S-216 ~ Canadian Public Corporations Governance Act

S-216 ~ Canadian Public Corporations Governance Act

S-216 ~ Canadian Public Corporations Governance Act


Published on 26 January 2016
Bills by Senator Céline Hervieux-Payette (retired)

Bill S-216An Act to provide the means to rationalize the governance of Canadian public corporations

Sponsor: Senator Céline Hervieux-Payette

SUMMARY

This enactment limits the cumulative period that an individual may sit on the board of directors of a Canadian public corporation to 96 months and prohibits an individual from sitting on the board of more than four Canadian public corporations at the same time. It also places strict limits on the remuneration these corporations may pay their officers and directors and the benefits they may grant in connection with their functions.

 

 

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