10. On the recommendation of the board of directors, the Government shall appoint the president and chief executive officer based on the expertise and experience profile approved by the board of directors.
The president and chief executive officer is appointed for a term of up to five years.
The board shall determine the remuneration and other conditions of employment of the president and chief executive officer in keeping with parameters set by the Government.
1977, c. 67, s. 10; 1980, c. 38, s. 7; 1990, c. 19, s. 11; 2006, c. 59, s. 93.