Co-operatives National Regulations
46Chief executive officer (CNL ss172 & 178)
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46 Chief executive officer (CNL ss172 & 178)
46 Chief executive officer (CNL ss172 & 178)
(1) The board may, if it considers appropriate, appoint a person to be responsible for the day to day management of the co-operative. The person may be a director or the secretary or a member of the co-operative or some other person.
(2) The appointed person is the chief executive officer of the co-operative, and may be called the chief executive officer or (if a director of the board) the managing director.
(3) The conditions and the period of appointment including termination must be decided by the board.
(4) The chief executive officer is not entitled to be present or to vote at a meeting of directors on a motion concerning the conditions of his or her own appointment, conditions of service or termination of service.
(5) The chief executive officer cannot be required to be an active member of the co-operative.
(6) In the event of any conflict between the terms of the appointment of a person as the chief executive officer and that person’s obligations or privileges under the Law, the terms of the Law prevail over the terms of appointment.