130. The Board may delegate to the president and chief executive officer, another member of the board of directors or a vice-president, in writing and to the extent specified, the functions assigned to it by this Act, except those conferred by sections 109.6, 132, 173 to 179 and 185.
The Board may similarly delegate the exercise of powers and duties covered by the first paragraph to a committee composed of the president and chief executive officer and one or more directors.
The Board may, in addition, delegate in writing and to the extent specified:
(1) the exercise of the functions assigned to it by this Act, except those conferred by sections 109.6, 130.1, 132, 173 to 179 and 185, to a member of its personnel;
(2) the exercise of powers conferred by sections 112 to 117 and the first two paragraphs of section 129 to any person it may designate.
The instrument of delegation may authorize the president and chief executive officer to subdelegate, in writing, the powers mentioned in subparagraph 2 of the third paragraph to any person designated under that subparagraph.
1985, c. 34, s. 130; 1991, c. 74, s. 58; 1998, c. 46, s. 35; 2005, c. 22, s. 28; 2010, c. 28, s. 15; 2011, c. 35, s. 27; 2018, c. 13, s. 3111.