Canadian Commercial Corporation Act

Marginal note:Appointment of Chairperson and President

• 3.1 (1) The Chairperson and the President shall be appointed by the Governor in Council to hold office during pleasure for any term that the Governor in Council considers appropriate.

• Marginal note:Remuneration of Chairperson and President

  (2) The remuneration of the Chairperson and the President, if they are not members of the public service of Canada, shall be fixed by the Governor in Council and paid by the Corporation.

• Marginal note:Appointment of directors

  (3) Each director of the Corporation, other than the Chairperson and the President, shall be appointed by the Minister, with the approval of the Governor in Council, to hold office during pleasure for any term not greater than three years that will ensure, as far as possible, the expiry in any one year of the terms of office of not more than one-half of the directors.