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S-19 - Act respecting the Société québécoise d’exploration minière
Section 14
Disposition versions
14. The affairs of the company shall be managed by a board of directors composed of
(a) the president of the company appointed by the Government after consultation with the other members of the board for a term of not over five years, subject to the contract contemplated in the second paragraph of section 16;
(b) from six to ten other members appointed by the Government for a term of not over two years.
The members of the board of directors are the directors of the company within the meaning of the Companies Act (chapter C-38) but need not be shareholders.
14. The affairs of the company shall be managed by a board of seven directors appointed by the Government, and they shall be the directors within the meaning of the Companies Act.
