Nominations

Nomination Procedure

At the Annual General Meeting of the Fonds de solidarité F.T.Q. (“Fonds”) to be held during the fall of 2017, the shareholders of the Fonds will elect four (4) directors pursuant to a public call for nominations, each for a term of one (1) year or until a successor is elected or appointed. 


If there are more than four (4) candidates pursuant to the public call, a vote will be held. The four individuals with the most votes will be elected as directors. These directors may be re-elected every year up to a maximum cumulative term of twelve (12) years. 

Individuals who wish to submit their candidacy may do so from February 6, 2017, to March 31, 2017, at 4 p.m. 

Important Dates

Opening of public call for nominations February 6, 2017
Deadline for applications March 31, 2017, at 4:00 p.m.
Announcement of selected candidates          June, 2017
Election (Annual General Meeting)  Autumn 2017

Individuals wishing to submit their candidacy must meet the following eligibility criteria:

  1. Be 18 or over;
  2. Be a shareholder**  of the Fonds;
  3. Have been involved in the socio-economic environment;
  4. Not work in a field that competes with the Fonds’ activities and that may be incompatible with the duties of a director of the Fonds;
  5. Collect at least 50 signatures in support of their nomination from shareholders of the Fonds;
  6. Not be under tutorship or curatorship;
  7. Not be an undischarged bankrupt;
  8. Not be prohibited from exercising the duties of a director by a court of law;
  9. Not have been found guilty of an economic offence, of any sexual offence, offences against public morals, disorderly conduct or any offence against the person and reputation;
  10. Agree to subscribe annually for shares of the Fonds for a minimum amount of $1,000.

** For the purposes of this call for nominations, shareholder means a person registered in the Fonds’ shares register and entitled to exercise the right to vote of the shares that he or she owns.

Duties and obligations of the Board of Directors of Fonds

The Fonds is a development capital fund that conducts public offerings by way of prospectus; it is therefore subject to the Securities Act and some of its regulations. Registered as an investment fund manager under securities regulations, the Fonds has a rigorous compliance system and public disclosure requirements for its directors. The candidates are kindly requested to take notice of the continuous disclosure documentation of the Fonds, namely the Fonds’ Prospectus and Annual Information Form on its Web site.

The main duties of a director of the Fonds are as follows: 

  • Ensure the Fonds’ mission is followed at all times as set out in the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.);
  • Approve the Fonds’ key directions, policies and business strategies; 
  • Approve investment recommendations for which it is responsible;
  • Ensure the Fonds, in its roles as an investor, behaves as a socially responsible company; 
  • Evaluate the Fonds’ performance on a regular basis.
Being a director is a major commitment that requires your attendance at Board meetings, held 10 to 15 times a year, during regular business hours. As a director, you may also be requested to sit on committees of the Board. It should also be noted that all documentation submitted to the Board of Directors of the Fonds is in French and that all meetings of the Board and its committees are held in French. For more information, see the Governance section.

A director of the Board of the Fonds is subject to numerous obligations which regules the Fonds in its course of its business. As such, directors must comply with the provisions of the Civil Code of Québec, the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.), the Québec Business Corporations Act and the Securities Act and its regulations. The Fonds has also adopted policies and guidelines further detailing the duties and obligations of members of the Board of Directors and its committees, in particular regarding governance and ethics. Individuals interested in submitting their candidacy for a position on the Board of Directors of the Fonds are requested to read the following documents:

Required documents to submit your candidacy

Forms The nomination period is over
Mandatory documents Curriculum vitae
Recent photo to be included to the management proxy circular
Minimum dimensions : 3x5 inches or 900 pixels par 1500 pixel à 300dpi, in jpg file format
-Taken in front of a plain white background
-Clear, sharp and in focus.
-Taken straight on, with face and shoulders centered and squared to the camera
Information regarding your application   Send all the required documents:            

By mail:
Fonds de Solidarité FTQ
Corporate Affairs
545 Crémazie Boulevard East
Suite 200
Montréal, Québec H2M 2W4

or

By email:
candidature@fondsftq.com

Interested persons may request to obtain nomination forms by mail by calling the Fonds at 1 800 567-3663.

It is the responsibility of each candidate to provide all the documentation required for their application. Any application containing false, incomplete or misleading statements in the Nomination Form or Authorisation to Disclosure form or that fails to meet the eligibility criteria will be rejected. Candidates will be informed of the reason for the rejection and will have 48 hours to make the necessary corrections to their application.

The profiles of selected candidates will be included in the Fonds’ management proxy circular available in the section « Documentation center »
If you have any questions, please call 1 800 567-3663.