169.0.1. The board of directors may, by by-law, fix the remuneration or indemnity of its members. It may also, in the same by-law, fix an additional remuneration or indemnity for the chairman.
An indemnity is paid as reimbursement for the part of the expenses attached to the office which are not reimbursed pursuant to sections 169.0.4 to 169.0.8. The indemnity shall not exceed one half of the remuneration.
The by-law may have retroactive effect from 1 January of the year in which it comes into force.