17. On the recommendation of the board of directors, the Government shall appoint the president and chief executive officer, taking into consideration the expertise and experience profile approved by the board.
If the board of directors does not recommend a candidate for the position of president and chief executive officer within a reasonable time, the Government may appoint the president and chief executive officer after notifying the members of the board of directors.
The president and chief executive officer is appointed for a term of up to five years.
1965 (1st sess.), c. 24, s. 17; 1972, c. 53, s. 7; 2009, c. 41, s. 1.