13Establishment of Board for a Corporation

13 Establishment of Board for a Corporation

13 Establishment of Board for a Corporation

(1) Each Corporation is to have a Board of Governors consisting of 3 members appointed by the Treasurer as either part-time or full-time members.

(2) If the office of a member of a Board becomes vacant, the Treasurer is to appoint a person recommended by the Board to fill the vacancy. If the Board’s recommendation of a person includes a recommendation as to whether the appointment be part-time or full-time, the appointment is to give effect to that recommendation.

(3) The Treasurer may on reasonable grounds reject a recommendation of the Board for the filling of a vacancy and if the Treasurer rejects 2 recommendations of the Board for the filling of the vacancy, the Treasurer may appoint a person of the Treasurer’s own choosing to fill the vacancy.

(4) If a Board fails to recommend a person for appointment to fill a vacancy within such reasonable time as the Treasurer may direct, the Treasurer may appoint a person of the Treasurer’s own choosing to fill the vacancy.

(5) Statutory provisions relating to the employment of Public Service employees do not apply to the appointment or office of a member of a Board.