Transition committee of the Chambre de l'assurance

The Act also provides for the creation of a transition committee to oversee the implementation of the merger. In addition to the Chairman of the Board, the Quebec Minister of Finance has appointed Mr. Richard Blain and Ms. Sylvianne Chaput to act as independent directors on this committee. Mr. Jean-Alexandre Gouin and Mr. Jean-Philippe Vézina were also appointed from among the elected directors forming the boards of the Chambre de la sécurité financière and the Chambre de l'assurance de dommages.

Board of Directors of the Chambre de l'assurance

The Chairman of the Board, appointed by the Minister of Finance, is Mr. Mario Albert.

The Board of Directors is made up of members elected by their peers, representing the various fields of practice, and independent directors. These independent directors are chosen for their competence, expertise and ability to provide an impartial outside perspective. Requirements for the composition of the Chambre de l’assurance’s Board of Directors are set out in Bulletin de l’Autorité des marchés financiers, Volume 22, n° 27, publié le 10 juillet 2025.

It is important to note that neither the board of directors nor the management team is involved in the disciplinary process when a member is subject to an allegation of professional misconduct. The Syndic’s Office, which is responsible for conducting investigations, and the Disciplinary Committee, which imposes sanctions when necessary, are entities that operate confidentially and independently, thus ensuring the impartiality and integrity of the disciplinary process within the Chambre.

Standing committees of the Chambre de la sécurité financière

― Governance and Ethics Committee

The CSF’s Governance and Ethics Committee (“GEC”) is mainly focused on regulations and practices of governance, issues related to ethics, the makeup of the Board and its committees, the recruitment of independent Board members, and the performance of the CSF’s Board of Directors and the individuals involved.

― Audit and Finance Committee

The Audit and Finance Committee (“AFC”) is mainly focused on the optimal use of the CSF’s material and financial resources, the integrity of financial information, the implementation of efficient internal measures of control, external audits, and risk management for the CSF.

― Human Resources Committee

The Human Ressources Commitee ("CHR") is mainly focused on the remuneration and the other work conditions of the president and directors of the CSF, on the risk management related to HR, on the selection, criteria and evaluation of the performance of the president and directors of the CSF and the planning of the CSF future hirings.

Non-standing committees of the Chambre de la sécurité financière

― Professional Training and Development Committee

The Professional Training and Development Committee (the “PTC”) is an advisory committee that focuses primarily on the needs and trends in continuing education and professional development, and plays an advisory role with regard to the training offered to CSF members.

― Regulatory Monitoring and Compliance of Practices Committee

The Regulatory Monitoring and Compliance of Practices Committee (“RMCPC”) is an advisory committee that is mainly tasked with monitoring regulation trends in the distribution of financial services and products, and it plays an advisory role on issues of ethics and compliance of professional practices.

Delegates at the annual general meeting of the Chambre de la sécurité financière

Each year, up to 345 members can participate as delegates at the annual general meeting of the CSF. They must first submit their candidacy to be elected as delegates and have the privilege of representing their region.

The delegate positions were created in 2014 to ensure regional representation of the members. The boundaries established by the CSF divide the province into seven regions, each with a maximum number of delegates proportionate to the number of professionals registered with the CSF.

Delegates are a key link between the members and governance of the CSF. They receive the annual report and financial statements, ask questions, express their views and those of their peers on major issues facing the industry, vote on proposals falling within the Assembly’s powers, and elect the director who will represent them on the Board of Directors of the CSF.

Management team of the Chambre de la sécurité financière