8. The company’s affairs shall be administered by a board of not over seven directors appointed by the Government for a term of not more than five years. At least two of such directors must be civil servants of either the Government or one of its agencies.
The Government shall designate among them a president and a vice-president.
The president and director general is ex officio a member of the board of directors.
1975, c. 42, s. 8; 1977, c. 5, s. 14; 1979, c. 19, s. 1; 1990, c. 81, s. 1.