The Autorité des marchés financiers has appointed five members to the management committee of the Fund for Investor Education and the Promotion of Good Governance.
The members are:
- Jean-Marc Suret, fellow, Faculty of Business Administration, Laval University;
- Jean-François L’Her, vice president, Research and Investment Policy Advising, Caisse de dépôt et placement du Québec;
- Stéphane Rousseau, law professor and assistant director, Centre de droit des affaires et du commerce international, Law Faculty, University of Montréal;
- Anne-Marie Poitras, executive director, Consumer Assistance and Compensation a the AMF; and
- Jean-Guy Ouellette, manager of the fund.
The management committee reports directly to the president and CEO of the AMF, Jean St-Gelais, and is governed by a code of ethics and confidentiality. Its members are appointed for three years and their term may be renewed once.
The mandate of the committee is to ensure that applications for financial support comply with fund standards, have projects assessed by outside evaluators, determine the eligibility and quality of projects submitted to the AMF, review the progress report or final report in accordance with the Fund management rules, and make recommendations to the AMF president and CEO.
The $14.6 million fund consists of a reserve made up of various fees collected by the AMF and administrative penalties. The fund provides support for projects in four areas: investor protection; promotion of good governance; investor education; and improving knowledge of the financial sector.