11. The chief executive officer shall be appointed for a term of not more than five years, and the remaining members of the board of directors shall be appointed for a term of not more than three years.
On the expiry of their term of office, the members of the board of directors shall remain in office until replaced or reappointed.
1971, c. 34, s. 11; 1987, c. 42, s. 11; 1999, c. 69, s. 5.