Indemnification and Advances Regulations for Directors and Officers of Crown Corporations (SOR/2011-108)

Marginal note:Definitions

• 1 (1) In these Regulations, “Act” means the Financial Administration Act.

• Marginal note:Definitions

  (2) The following definitions apply for the purposes of section 119 of the Act,

  action or proceeding

  action or proceeding does not include an internal investigation or internal proceeding, including a grievance, staffing, or disciplinary procedure, unless it is likely to have serious financial or other personal consequences for the director or officer. (enquête ou procédure)

  officer

  officer means the president, vice-president, secretary, treasurer, comptroller, general counsel, general manager or managing director of a Crown corporation or any other individual appointed as an officer of a Crown corporation who performs functions similar to those normally performed by an individual holding any of those offices or any other individual appointed as an officer of a Crown corporation by or under an Act of Parliament. (dirigeant)

  party

  party includes an officer or director who participates in, or who reasonably expects to participate in, an action or proceeding as a witness or intervenor or in any other capacity. (partie)