Financial Administration Act

Marginal note:Implementation

• 89.1 (1) The directors of a parent Crown corporation to which a directive is given shall ensure that the directive is implemented in a prompt and efficient manner and, if in so doing they act in accordance with section 115, they are not accountable for any consequences arising from the implementation of the directive.

• Marginal note:Best interests

  (2) Compliance by a parent Crown corporation with a directive is deemed to be in the best interests of the corporation.

• Marginal note:Definition of directive

  (3) In this section, directive means

  • (a) a directive given pursuant to subsection 89(1), 94(2) or 114(3);

  • (b) a direction given under subsection 5(2) of the Canada Mortgage and Housing Corporation Act, subsection 9(2) of the Canadian Commercial Corporation Act or subsection 11(1) of the Canadian Dairy Commission Act; or

  • (c) a directive given under subsection 22(1) of the Canada Post Corporation Act.