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General Meeting

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Annual General Meeting held on March 23, 2018

at the Québec City Convention Centre

The following nominees were elected by the shareholders:
– Lucie Demers
– Louis-Régis Tremblay

> Report on election results (in French only)

> See the new composition of the board of directors

Annual General Meeting

The Annual General Meeting of Shareholders is held within the four months following the end of CRCD’s fiscal year. The purpose of the meeting is to receive and consider the financial statements and independent auditor’s report, elect 2 directors, appoint the independent auditor and set its remuneration, consider and dispose of any business that may properly be brought before the meeting.

At least 21 days, but not more than 50 days, before the annual general meeting, each shareholder receives a notice of meeting accompanied by the summary of the audited financial statements as at December 31 and a reply card that allows them to obtain free copies of the Company’s full financial reports.

Shareholders who cannot attend annual general meetings may be represented by the proxy of their choice using the form of proxy included in the notice of meeting package.

The election process

Persons wishing to submit their nomination for one of the two elected directorships must obtain a nomination form according to the terms and conditions set out in the Opening of the Nomination Process memorandum sent to all shareholders.

All nominations must be endorsed by the signatures of ten (10) shareholders of CRCD on the nomination form and meet the eligibility criteria. Subsequently, the Governance and Human Resources Committee will review eligible nomination requests and recommend to CRCD two (2) nominees for whom to vote proxies that contain no shareholder voting instructions. This process ensures that the Board of Directors is composed of members with a broad mix of experience, expertise, training and geographic representation.

Eligibility criteria

To be appointed or elected to the Board of Directors of CRCD and to remain a Director, members must:

  • Be or become a shareholder of CRCD
  • Be 18 or over
  • Not be in tutorship or curatorship or declared incompetent by a competent authority
  • Not have been found guilty of an offence or criminal act of fraud or dishonesty
  • Not be an undischarged bankrupt
  • Not have been judicially interdicted from acting as a corporate director
  • Not be employed by or serving on the board of directors of a firm or fund that is a competitor of CRCD