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F-3.2.0.4 - Act respecting security funds
Section 14
Disposition versions
14. The board of directors may establish an executive committee from among its members; this committee shall include the chairman of the fund and, where the board of directors includes members appointed by federations which are members of the founder federation, at least one person contemplated in paragraph 1 or 2 of section 11 and at least one person contemplated in section 12.
The executive committee exercises the powers delegated to it by the board of directors.
14. The board of directors may establish an executive committee from among its members; this committee shall include the chairman of the corporation and, where the board of directors includes members appointed by federations which are members of the founder federation, at least one person contemplated in paragraph 1 or 2 of section 11 and at least one person contemplated in section 12.
The executive committee exercises the powers delegated to it by the board of directors.
