Back in 2009, the Fonds de solidarité FTQ undertook to improve its governance and tighten the application of its ethics rules. It then made the required changes with due care and according to the rules.
In February 2014, the Fonds announced its intention to extend further its governance reform. In just a few months, numerous actions were taken and several new measures were implemented. Besides appointing an individual independent from the Fonds and the FTQ as Chairman of the Board of Directors, two new committees were created: the Governance and Ethics Committee and the Human Resources Committee. The Fonds also worked with KPMG to set up an external ethics hotline for its employees. This hotline provides the confidentiality and immunity necessary to report behaviours that would not be compliant with applicable laws or the Fonds’ policies.
Implementing these measures required the collaboration of all the Fonds’ governing bodies. I would like to thank the members of the Board of Directors for their outstanding work and dedication. I would particularly like to thank Daniel Boyer, who demonstrated leadership and openness in the implementation of these changes.
I would also like to thank the Fonds’ employees for their conscientious work, as well as the over 2,000 local representatives (LRs), who do their utmost in their workplace to spread the word about the Fonds’ economic and social mission; their commitment is a force to be reckoned with that characterizes the very nature of our institution.
The Fonds de solidarité FTQ is one of the major Québec institutions dedicated to economic development. Québec companies and our shareholder-savers deserve for us to make every effort to ensure its success and development. As such, it is with pride that I plan to help and guide the Fonds through the next steps in implementing its new governance.
Chairman of the Board of Directors