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S-19 - Act respecting the Société québécoise d’exploration minière
Section 15
Disposition versions
15. The members of the board of directors shall elect one of the members contemplated in subparagraph b of the first paragraph of section 14 as chairman of the board, and another as vice-chairman to exercise the functions of the chairman in the latter’s absence.
The chairman of the board shall preside at meetings of the board, oversee its operations and assume any other functions assigned to him by the by-laws of the company.
15. The president of the company shall be appointed by the Government and shall remain in office for ten consecutive years.
He cannot be dismissed except for cause and his salary cannot be reduced.
He shall be ex officio a member of the board of directors.
