Government of Canada / Gouvernement du Canada
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Public Sector Pension Investment Board Act

Version of section 6 from 2009-03-12 to 2012-03-15:

Marginal note:Board of directors

  •  (1) The Board shall be managed by a board of directors of 12 directors, including the Chairperson.

  • Marginal note:Disqualified persons

    (2) The following persons are disqualified from being directors:

    • (a) a person who is less than 18 years of age;

    • (b) a person who is of unsound mind and has been so found by a court in Canada or elsewhere;

    • (c) a person who has the status of a bankrupt;

    • (d) a person who is not a natural person;

    • (d.1) a person who is an employee of the Board;

    • (e) a person who is an agent or employee of Her Majesty in right of Canada;

    • (f) a person who is a member of the Senate or House of Commons of Canada or a member of a provincial legislature;

    • (g) a person who

      • (i) is entitled to or has been granted a pension benefit under the Public Service Superannuation Act, the Canadian Forces Superannuation Act or the Royal Canadian Mounted Police Superannuation Act,

      • (ii) is entitled to or has been granted a superannuation or pension benefit of a prescribed kind that is payable out of the Consolidated Revenue Fund and is chargeable to a Superannuation Account or another account in the accounts of Canada or is payable out of a fund, or

      • (iii) is subject to a superannuation or pension fund or plan under which he or she may become entitled to a benefit referred to in subparagraph (i) or (ii);

    • (h) a person who is an agent or employee of the government of a foreign country or any political subdivision of a foreign country; and

    • (i) a person who is not a resident of Canada.

  • 1999, c. 34, s. 6
  • 2009, c. 2, s. 382
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