Business Development Bank of Canada Act

Marginal note:Functions of Board

• 7 (1) The Board shall direct and manage the business and affairs of the Bank.

• Marginal note:By-laws

  (2) The Board may, by resolution, make by-laws to regulate the business and affairs of the Bank.

• Marginal note:Committees

  (3) The Board may establish an Executive Committee, or any other committee or advisory group that the Board considers advisable, and determine its composition and duties and the tenure of its members.

• Marginal note:Executive Committee

  (4) The Board may delegate power to, and specify duties and authority of, the Executive Committee to act in all matters that are not by this Act or any by-law or resolution specifically reserved to be done by the Board.