Fondation Lucie et André Chagnon

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The Foundation

Organization

Governance open to civil society

Our
organization

The Lucie and André Chagnon Foundation is a registered Canadian charitable organization. To fulfill its mission, the Foundation has set up governance mechanisms inspired by best practices. Within its various governing bodies—including the Board of Directors and several committees—the Foundation relies on the expertise of several volunteer members from different sectors of civil society.

Board of Directors

In its desire to listen to and include stakeholders who will enable it to achieve its mission, the Foundation ensures that its Board of Directors is made up of representatives of many diverse sectors. Directors are appointed based not only on their experience, but also on their profile and the wealth of knowledge and skills they can bring to the table.

The Board of Directors is made up of nine members who meet on a quarterly basis.

Executive Committee


Steering Committee

The Steering Committee assists the Board of Directors by setting up an internal governance framework for the Foundation’s planning and control procedures. This process includes an annual cycle of meetings to ensure an ongoing strategic dialogue between Board members and senior executives.

The Committee makes recommendations in the following areas:

  • Planning and control procedures
  • Composition and mandate of the Board
  • Evaluation of the Board's performance
  • Guidelines for directors
  • Description of the Chairman and CEO's duties
  • External directorships
  • Rules of conduct
  • Directors' fees and compensation

The Steering Committee is made up of at least three directors who are appointed annually by the Board of Directors:


Audit Committee

The role of the Audit Committee is to assist the Board of Directors. Its responsibilities include overseeing financial reporting, audit activities, and the presentation of financial information and internal control in order to ensure their accuracy and effectiveness.

The Steering Committee is made up of at least three directors who are appointed annually by the Board of Directors:


Investment Committee

The Investment Committee is made up of the Vice-Chairman of the Board and CEO and at least one member appointed annually by the Board from among the Foundation's directors. Non-Board members are also eligible.

The duties and responsibilities of the Investment Committee are as follows:

  • Oversee all Fund activities in accordance with the Investment Policy
  • Provide Fund management reviews to the Board of Directors
  • Review the Policy and recommend changes to the Board of Directors as necessary
  • Evaluate the performance of the Fund and its components
  • Recommend the appointment (or dismissal) of the Vice-President, Investments
  • Approve policy exemptions and the selection (and replacement) of external investment managers and their mandates, the custodian of funds and other external service providers.
All members of this committee have basic financial knowledge, and at least one member has expertise in accounting or related financial experience.









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