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 *


      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

      Michèle Colpron has been well known in her profession for nearly 30 years and has more than 10 years of international experience. She has been a corporate director since 2012.

      During her 12 years at Caisse de dépôt et placement du Québec, Ms. Colpron was Senior Vice-President, Financial Management, ensuring sound management of the organization’s treasury activities and coordinating financing activities on bond markets. She was also responsible for the organization’s performance measurement for its portfolios and strategies. Prior to that, she was Vice-President, Investment Administration, responsible for the Caisse’s private equity operations, and also served as Vice-President, Finance and Administration, for the private equity portfolios.

      Internationally, she served as Chief Financial Officer of Standard Chartered Bank and Merrill Lynch Bank in Switzerland. She started her career in auditing at Ernst & Young, working in Montréal, London and Hong Kong.

      She currently sits on the boards of Québecor Inc. and the Infrastructure Bank of Canada and is Vice-Chair of the Investment Industry Regulatory Organization of Canada (IIROC).

      Holder of a Bachelor of Business Administration from HEC Montréal, she is a Fellow of the Order of Chartered Professional Accountants and a chartered corporate director.

      Ms. Colpron joined the Fonds de solidarité FTQ Board of Directors in December 2012.

    • Françoise E. Lyon*

      Françoise E. Lyon*

      Françoise E. Lyon has been President and Managing Partner at DGC International Inc. (formerly DGC Capital) since September 2017 and serves as an expert advisor to several small and medium-sized start-ups and investment committees. She has more than 27 years of experience in senior finance positions at prominent firms such as Merrill Lynch, National Bank of Canada and Bank of America.

      Ms. Lyon was appointed Chair of the Board of Trustees of the National Gallery of Canada by the Government of Canada in December 2017 and was named Chair of the Association of Québec Women in Finance in October 2018.  She is currently a Board member of the International Women’s Forum Canada and served on the Board of the Washington-based IWF Leadership Foundation for 10 years, including 2 years as Chair. She chairs the Board of the IWF Global Endowment, also in Washington.  She is the Ambassadors Chair of CITIZN Canada and a Board member of Bopper Music and Ecologyst in British Columbia.

      Holder of a Bachelor of Business Administration from HEC Montréal and a Certificate in Public Relations Management with honours from McGill University, Ms. Lyon also completed management specialization courses at the University of Bath in England and through an exchange program with the IPSAJE Institute in Havana, Cuba. She has held the professional designation of Chartered Director since 1996 and has several specialized courses and accreditations in the financial industry.

      Françoise E. Lyon joined the Fonds de solidarité FTQ Board of Directors in July 2021.

    • 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.