Investissement Québec loses its VP. to legal affairs

Investissement Québec loses its VP.  to legal affairs

Investissement Québec (IQ) vice-president of legal affairs, Marie-Josée Lapierre, recently stepped down, less than three years after her appointment. Contacted by our Investigation Office, Mme Lapierre refused our interview request.

Mme Lapierre took office at IQ in January 2018, a year before the appointment of the new president and CEO of the state-owned company, Guy LeBlanc, a friend of the Minister of the Economy Pierre Fitzgibbon.

Vice President of Communications Gladys Caron explained that Lapierre was “on very good terms” with IQ when she decided to step down on November 2.

“Her ethics have never been questioned,” she replied by email.


Mme Lapierre was among the IQ executives interviewed by the Ethics Commissioner of the National Assembly Ariane Mignolet. His investigation which led him to conclude this fall that Mr. Fitzgibbon placed himself in a situation of conflict of interest by intervening with the vice-president of IQ Yves Bourque to prevent the crown corporation from granting a loan to a company in which he is a shareholder.

Mme Caron assured that the IQ rules “do not prohibit communications between members of senior management […] and elected officials when their functions so require ”.

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