Audit Committee

The Audit Committee is comprised entirely of independent members with no affiliation with either the Fonds de solidarité FTQ, the FTQ or its affiliated unions.

Highlights of the Audit Committee’s mandate:

• See to the distribution of financial information to shareholders and regulators;
• Approve and ensure compliance with the valuation principles for development capital investments;
• See to the effectiveness of internal controls implemented by management and ensure they are not overridden;
• Ensure compliance with laws and regulations and manage risks that affect the accuracy of financial information;
• Ensure compliance with the codes of ethics.

* Independent members with no affiliation with either the Fonds de solidarité FTQ, the FTQ or its affiliated unions. 

    • Denis Labrèche *

      Denis Labrèche *

      Chair

      Denis Labrèche has over 30 years’ experience in business valuation, financial disputes and M&As in various industries. As a partner at Ernst & Young from 1978 to 2011, he was involved in key mandates and transactions and was frequently called to give expert testimony. He was also tasked with many venture capital mandates for the Government of Québec, Caisse de dépôt et placement du Québec and Société générale de financement du Québec. He also acted as financial advisor to large organizations including Provigo, Métro, Rona, Bell Canada and the Canadian Red Cross.

      Very active throughout his career, Mr. Labrèche has given speeches, led countless seminars on business valuation and financing and written articles on the topic for the business magazine Commerce and the La Presse newspaper.

      Mr. Labrèche has served on the boards of the Canadian Institute of Chartered Business Valuators and of Réseau Capital.

      Denis Labrèche is a Chartered Business Valuator (CBV – 1984) and a Chartered Accountant who made the prestigious Honour Roll of the Chartered Accountants 1978 Uniform Exam (UFE).

    • Michèle Colpron *

      Michèle Colpron *

      Vice President

      Active and respected in her profession for over 25 years, Michèle Colpron has 10 years of international business experience. She has been a board member of the Barreau du Québec’s Fonds d’assurance responsabilité professionnelle since 2012. She also chairs its Investment Committee and sits on its Audit Committee.

      During her 12 years at Caisse de dépôt et placement du Québec, Ms. Colpron served as senior vice-president, Financial Management, ensuring sound management of the organization’s treasury and coordinating its financing activities on bond markets. In that role, she was also accountable for the Caisse’s performance. Prior to that, she oversaw operations as vice-president, Investment Administration. In a previous position as vice-president, Private Equity & Administration, Ms. Colpron was in charge of the Caisse’s private equity investments.

      Prior to joining the Caisse, Ms. Colpron was with Merrill Lynch Bank (Suisse) and before that served as CFO at Standard Chartered Bank in Switzerland. Her foray into the international began as an audit manager for Ernst & Young in London and Hong Kong.

      Michèle Colpron is a certified corporate director, duly accredited by Université Laval, and a member of the Ordre des comptables professionnels agréés du Québec. She holds a Bachelor of Business Administration from HEC Montréal.

    • Christine Beaubien *

      Christine Beaubien *

      With over 30 years’ experience in information technology, finance and international business, Christine Beaubien is a financial angel who invests in start-ups and provides strategic consulting to SMEs through her company, Groupe BSC.

      Ms. Beaubien has held senior positions in a variety of organizations, including Anges Québec, Société générale de financement du Québec (SGF), Bombardier Capital, Export Development Canada (EDC), Desjardins and the Ministère des Affaires internationales du Québec. She also worked at Banque Paribas in Paris and at Versus, an e-commerce firm she co-owned.

      Christine Beaubien serves on the boards of Héma-Québec, Oxfam-Québec, the Centre de Collaboration MiQro Innovation (C2MI) and Expansion Québec.

      Holder of an MBA from HEC Montréal and a Bachelor of Computer Science from Université de Sherbrooke, Ms. Beaubien also holds the ICD.D designation with the McGill-Rotman Institute of Corporate Directors.

    • Roger A. Renaud*

      Roger A. Renaud*

      Roger A. Renaud has over 12 years of experience as CEO of investment management firms, as well as extensive experience serving on the boards of Canadian and international corporations.
       
      Mr. Renaud was President (Canada) and then Global Chief Operating Officer of Manulife Asset Management,  a company with over $450 billion of assets under management. He was actively involved in the merger of the Canadian operations of Standard Life Investments with Manulife Asset Management and chaired the Global Operations Committee.
       
      For over 20 years, he held various high-level positions, including President of Standard Life Investments and Senior Vice-President, Group Savings and Retirement at Standard Life of Canada.
       
      Mr. Renaud has been a board member of the Centre de théâtre d’aujourd’hui since 2013. For more than 10 years he chaired the organizing committee of the “Action 21” charity event, lending his support to the Down Syndrome Research Foundation. He was also a frequent speaker on investment- and pension plan-related topics at various industry forums.
       
      Mr. Renaud holds a B.Sc. in actuarial science and is a certified financial analyst (CFA). He also completed the Program for Management Development at Harvard Business School and the Directors Education Program at McGill University.