41. Subject to the general by-laws made under subparagraph f of section 19, the board of directors shall establish an academic committee whose principal duty shall be to prepare the internal by-laws respecting teaching and research. Such by-laws shall be subject to approval by the board of directors.
The academic committee may also submit to the board of directors recommendations respecting the co-ordination of instruction and research.
Until the academic committee has been established after the formation of a constituent university, the board of directors shall exercise its powers.