The facts about the Journal de Montréal article “Un pdg qui cumule plusieurs fonctions” (A CEO who wears many hats”)

January 12, 2012

The article “Un pdg qui cumule plusieurs fonctions” (“A CEO who wears many hats”), published in theJournal de Montréal on Thursday, January 12, 2012, contains a number of factual errors. It also makes some tendentious claims that are not only unfounded, but reveal a profound misunderstanding of disclosure mechanisms – and the information they contain – used by publicly traded companies.

So let’s set the record straight. Hubert T. Lacroix has been president and CEO of CBC/Radio-Canada since January 2008. During his career, he has sat on over a dozen boards of directors for both public and private companies. Prior to his appointment, all of Mr. Lacroix’s professional activities were carefully scrutinized by the Privy Council Office and by the Ethics Commissioner, as is customary with any Governor in Council appointment. Mr. Lacroix voluntarily gave up a number of extra-professional activities when he accepted the job at CBC/Radio-Canada, but the Privy Council and Ethics Commissioner gave him permission to continue serving on the boards of Fibrek Inc. and Zarlink. His participation on these two boards was also approved by the CBC/Radio-Canada board of directors upon his appointment.

The facts regarding Mr. Lacroix’s extra-professional activities have been publicly available on our corporate website since he joined the public broadcaster. You can read his biography here.

CBC/Radio-Canada is delighted that the Quebec government has invited Mr. Lacroix to be part of the new “Table des partenaires influents.” This committee, slated to meet three times in 2012, aims to increase the representation of women on executive teams and boards of directors. As CBC/Radio-Canada president, Mr. Lacroix has achieved gender parity in his team of vice-presidents (four men and four women). Last year, on the Corporation’s behalf, he also accepted the Employer Excellence Award in the Change Champion category from Canadian Women in Communications. We’re pleased that he’s perceived in the industry as a business leader who can positively contribute to an important societal issue.

As for the erroneous information in the article, whether in reference to Mr. Lacroix’s compensation, his role as spokesperson for the Fibrek board or his presumed ties with Microsemi (Mr. Lacroix does not sit on the Microsemi board), we would like to point out that this information is public knowledge and can be easily consulted by anyone interested in getting the facts straight.

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