Public Sector Pension Investment Board Act

Marginal note:Board of directors

• 6 (1) The Board shall be managed by a board of 13 directors, including the Chairperson.

• Marginal note:Disqualified persons

  (2) The following persons are disqualified from being directors:

  • (a) a person who is less than 18 years of age;

  • (b) a person who is of unsound mind and has been so found by a court in Canada or elsewhere;

  • (c) a person who has the status of a bankrupt;

  • (d) a person who is not a natural person;

  • (d.1) a person who is an employee of the Board;

  • (e) a person who is an agent or employee of Her Majesty in right of Canada;

  • (f) a person who is a member of the Senate or House of Commons of Canada or a member of a provincial legislature;

  • (g) a person who

    • (i) is entitled to or has been granted a pension benefit under the Public Service Superannuation Act, the Canadian Forces Superannuation Act or the Royal Canadian Mounted Police Superannuation Act,

    • (ii) is entitled to or has been granted a superannuation or pension benefit of a prescribed kind that is payable out of the Consolidated Revenue Fund and is chargeable to a Superannuation Account or another account in the accounts of Canada or is payable out of a fund, or

    • (iii) is subject to a superannuation or pension fund or plan under which he or she may become entitled to a benefit referred to in subparagraph (i) or (ii);

  • (g.1) a person who is a member of an advisory committee established under section 41 of the Public Service Superannuation Act, section 49.1 of the Canadian Forces Superannuation Act or section 25.1 of the Royal Canadian Mounted Police Superannuation Act;

  • (h) a person who is an agent or employee of the government of a foreign country or any political subdivision of a foreign country; and

  • (i) a person who is not a resident of Canada.