The Fonds is a development capital investment fund that conducts public offerings by way of prospectus; it is therefore subject to the Securities Act and certain of its regulations. The Fonds is also registered as an investment fund manager under securities regulations. Its status implies a rigorous compliance system and public disclosure requirements for its directors. The candidates are invited to read the continuous disclosure documentation of the Fonds, namely the Fonds' Prospectus and Annual Information Form on its Web site in the « Documentation Center » section.
The main duties of a director of the Fonds are as follows:
- ensuring the Fonds' mission, constituting act and any other law governing it are followed while adhering to its values of solidarity and responsibility;
- approving the main directions, policies and business strategies of the Fonds, notably with regard to integrated financial asset management and integrated risk management;
- ensuring that there are controls over the Fonds' management, including risk management, and ensuring a culture of integrity;
- approving investment recommendations for which it is responsible and monitoring them;
- ensuring that the Fonds, as an investor, conducts itself as a socially responsible business; and
- evaluating the Fonds' performance on a regular basis.
Being a director of the Fonds is an important commitment, which requires your involvement and a certain investment of time. Members of the Board of Directors meet ten (10) to fifteen (15) times per year, during regular business hours. As a director, you may also be called upon to sit on other board committees. 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 details, see the « Governance section ».
The function of director within the Fonds is further subject to a diversified body of obligations governing the Fonds during its activities. The directors of the Fonds must act in compliance with the provisions of the Civil Code of Quebec, the Act to establish the Fonds de solidarité des travailleurs du Québec (F.T.Q.), the Québec Business Corporations Act, as well as in compliance with the Securities Act and related regulations. In addition, the Fonds has established certain policies and guidelines detailing the obligations and responsibilities of members of the Board of Directors and its committees, in particular regarding governance and ethics. Those interested in applying for the position of director of the Fonds should consult the following documentation: