6. The affairs of the Company shall be managed by a board of directors consisting of a president and not more than four other members, each appointed for at least one year and not more than ten years by the Government. Such directors shall be the directors of the Company within the meaning of the Companies Act.
At least two of such directors shall be appointed from among the functionaries of the Government or its bodies.
1969, c. 39, s. 7; 1977, c. 5, s. 14.