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S-19 - Act respecting the Société québécoise d’exploration minière
Section 16
Disposition versions
16. The president of the company is responsible for the administration and direction of the company within the scope of its by-laws and policies. He is, exofficio, the director general of the company and he exercises his functions on a full-time basis.
The president’s remuneration and the other conditions under which he exercises his functions are established by a contract that binds him to the company. The contract has effect only if ratified by the Government.
16. Two members of the board of directors shall be appointed for five years as permanent officers of the company.
The other four members shall be appointed for four years.
However, at the time of the first appointment, one shall be appointed for one year, one for two years, one for three years and one for four years.
