Bill C-2

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TABLE OF PROVISIONS

AN ACT TO ESTABLISH THE CANADA PENSION PLAN INVESTMENT BOARD AND TO AMEND THE CANADA PENSION PLAN AND THE OLD AGE SECURITY ACT AND TO MAKE CONSEQUENTIAL AMENDMENTS TO OTHER ACTS

SHORT TITLE

1. Short title

INTERPRETATION

2. Definitions

CONSTITUTION OF THE BOARD

3. Board established

CAPITAL AND SHARES

4. Capital

OBJECTS AND POWERS

5. Objects

6. Powers of Board

MANAGEMENT

Board of Directors

7. Board of directors

8. Principal duties

9. Power to delegate

Directors

10. Appointment of directors

11. Resignation

Chairperson

12. Chairperson

Officers

13. Appointment of officers

Duty of Care

14. Duty of care

15. Duty to comply

Indemnification

16. Indemnification

17. Directors' and officers' insurance

18. Application to court for indemnification

Meetings

19. Resolution in lieu of meeting

20. Participation by telephone

21. Dissent

Conflicts of Interest

22. Disclosure of director's interest

General

23. No constructive notice

24. Validity of acts

25. Assertions

26. Corporate seal

BY-LAWS

27. By-laws

28. Copy to Minister

29. Statutory instruments Act does not apply

COMMITTEES

Establishment

30. Audit and investment committees

Audit Committee

31. Duties of audit committee

32. Meeting of audit committee

33. Auditor's right to attend meetings

Investment Committee

34. Duties of investment committee

INVESTMENTS

35. Investment policies, standards and procedures

36. Duty of investment managers

37. Income Tax Act

FINANCIAL MANAGEMENT

Financial Year

38. Financial year

Financial Statements

39. Books and systems

Auditor's Report

40. Annual auditor's report

41. Notice of errors and omissions

Auditor

42. Appointment of auditor

43. Definition of ``firm of accountants''

Right to Information

44. Right to information

Qualified Privilege

45. Qualified privilege

Special Audit

46. Special audit

Special Examination

47. Special examination

48. Report

49. Who conducts examination

REPORTING

Quarterly Statements

50. Statements to go to Ministers

Annual Report

51. Annual report required

PUBLIC MEETINGS

52. Public meetings

REGULATIONS

53. Regulations

OFFENCE

54. False statements

WINDING-UP

55. Insolvency and winding-up

CANADA PENSION PLAN ACCOUNT

56. Minister may require transfers

57. Costs

58-99. Amendments to the Canada Pension Plan

100-107. Amendments to the Old Age Security Act

CONSEQUENTIAL AMENDMENTS

108. Financial Administration Act

109. Payment Clearing and Settlement Act

COMING INTO FORCE

110. Coming into force