10. The Company’s affairs shall be administered by a board of five directors, including a president and a vice-president, appointed by the Gouvernement for a period that must not be less than one year or more than ten years. At least one of such directors must be an officer of the Gouvernement or a government body.
The members of the board of directors are directors of the Company within the meaning of the Companies Act.
1973, c. 21, s. 10; 1977, c. 5, s. 14.