Board Committees

The Fonds de solidarité FTQ's board of directors has set up several specialized committees to fulfill the Fonds' long-term objectives and ensure sound, responsible governance.

Role and responsibilities of our committees

Individuals whose names are followed by an asterisk (*) are independent of the Fonds de solidarité FTQ, the Fédération des travailleurs et travailleuses du Québec (FTQ), and all affiliated unions.

  • The Executive committee, comprised of a majority of independent members, has a primary mandate to exercise certain powers of the Board of directors, with certain exceptions, in certain specific circumstances.

    Members

    Claude Séguin*, chair
    Magali Picard, first vice-chair
    Janie C.Béïque
    Claude Bergeron*
    Denis Bolduc
    Roger A.Renaud*
    Pierre-Maurice Vachon*

  • The Governance and Ethics Committee, comprised of a majority of independent members, has a primary mandate to oversee the Fonds' overall ethics and governance practices and recommend best practices in this area.

    Members

    Claude Séguin*, chair
    Magali Picard, vice-chair
    Claude Bergeron*
    Denis Bolduc
    Sylvie Demers*

  • The Human Resources Committee, comprised of a majority of independent members, has a primary mandate to oversee general human resources practices (compensation, performance evaluation, succession planning, and employee program management). Furthermore, the committee recommends the President and CEO's total compensation to the board of directors and negotiates the Fonds' employee collective agreement.

    Members

    Claude Séguin*, chair
    Magali Picard, vice-chair
    Claude Bergeron*
    Denis Bolduc
    Sylvie Demers*
    Roger A. Renaud*
    Pierre-Maurice Vachon*

  • The Audit Committee, comprised entirely of independent members, has a primary mandate to ensure that the Fonds follows good financial governance practices. Specifically, it oversees the distribution of financial information, approves the valuation principles for development capital investments, verifies the effectiveness of internal controls, receives the audit report from independent auditors, and ensures the Fonds' compliance with laws, regulations, and agreements that may have a financial impact.

    Members

    Denis Labrèche*, chair
    Katia Marquier*, vice-chair
    Sylvie Demers *
    Roger A. Renaud*

  • The Valuation Committee, composed of a majority of independent qualified valuators, has a primary mandate to review the procedure for valuing private investments and provide reasonable assurance that the procedure used for valuing the development capital portfolio complies with regulatory requirements.

    Members

    Denis Labrèche*, chair
    Marc-André Girard*
    Pierre Maillé*
    Renata Eva Milczarek*

  • The Fonds' board of directors has delegated the responsibility to approve certain investments, up to a specified threshold, to investment committees. Investment projects exceeding this threshold must be submitted for approval to the board of directors, on the recommendation of the relevant investment committee. These committees may only deliberate or make decisions with a majority of independent members present.

    Investment Committee - Development Capital

    This committee monitors development capital investment projects (industries, aerospace, infrastructure and transportation, entertainment, consumer goods, services, agri-food, and health), as well as projects that are not under the authority of other investment committees.

    It approves all investments up to an initial threshold of $35M. For additional investments, the thresholds are set at $50M, $75M, and $100M.

    Members

    Pierre-Maurice Vachon*, chair
    Magali Picard, vice-chair
    Denis Bolduc
    Sylvie Demers*
    Marcel Gagnon*
    Denis Labrèche*
    Katia Marquier*
    Roger A. Renaud*
    Nancy Simoneau*

    Investment Committee - Mining sector

    This committee monitors mining sector investment projects (mines, energy, and environment).

    It approves all investments up to an initial threshold of $15M. For additional investments, the thresholds are set at $25M, $35M, and $50M.

    Members

    Pierre-Maurice Vachon*, chair
    Nicolas Lapierre, vice-chair
    Michel Champagne*
    Sonia Charette
    Denis Landry*
    Christian Pichette*

    Investment Committee - Innovation and venture capital

    This committee monitors venture capital investment projects (life sciences, information technology, and telecommunications).

    It approves all investments up to an initial threshold of $20M. For additional investments, the thresholds are set at $30M, $40M, and $50M.

    Members

    Roger A. Renaud*, chair
    Anouk Collet, vice-chair
    Loïc Breton
    Jean De Serres*
    Chantal Laberge*
    Michelle Savoie*
    Jacques Simard*
    Guy Vigeant*

    Investment Committee – Real Estate Fund

    This committee monitors investment projects in the real estate sector.

    It approves all investments up to an initial threshold of $35M. For additional investments, the thresholds are set at $50M, $75M, and $100M.

    All infrastructure investments, regardless of authorization thresholds, have to be approved by the Board of Directors of the Fonds.

    Members

    Claude Bergeron*, chair
    Denis Bolduc, vice-chair
    Janie C. Béïque
    Daniel Cloutier
    Michel Cyr*
    Denis Labrèche*
    Gervais Levasseur*
    Martine Philibert*
    Dino Rambidis

  • The Financial Assets Management committee, comprised of a majority of independent members, has a primary mandate to oversee the Fonds' integrated financial asset management practices.

    Members

    Claude Séguin*, Chair
    Magali Picard, Vice-Chair
    Janie C. Bëïque
    Michèle Colpron*
    Sophie Leblanc*
    Marc Provost*
    Roger A. Renaud*
    Claude Turcot*

  • The Integrated Risk Management committee, comprised of a majority of independent members, has a primary mandate to supervise the Fonds' general risk management practices and to support the Board of Directors by making recommendations to ensure that the Fonds applies proper oversight and integrate risk management practices.

    Members

    Claude Bergeron*, chair
    Denis Bolduc, vice-chair
    Benoit Bouchard
    Chantale Buteau*
    Michèle Colpron*
    Denis Labrèche*
    Louise Pellerin-Lacasse*
    Roger A. Renaud*

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