Marginal note:Capacity in Canada
5. The Foundation may carry on its activities throughout Canada.
- 1984, c. 12, s. 5.
Marginal note:Extraterritorial capacity
6. The Foundation has the capacity to carry on its activities and affairs and to exercise its powers in any jurisdiction outside Canada to the extent that the laws of that jurisdiction permit.
- 1984, c. 12, s. 6.
Marginal note:Board of Directors
7. The affairs of the Foundation are to be managed by a Board of Directors, in this Act referred to as the “Board”.
- R.S., 1985, c. A-13, s. 7;
- 2005, c. 30, s. 62.
8. [Repealed, 2005, c. 30, s. 63]
Marginal note:Appointment to the Board
9. The Board consists of the following directors:
(a) the Chairperson and up to four other directors appointed by the Governor in Council, on the recommendation of the Minister of Foreign Affairs, in this Act referred to as the “Minister”, after the Minister has consulted with the Board;
(b) up to eighteen directors appointed by the Board after consultations with the governments of the provinces and any interested individuals, corporations and organizations; and
(c) the President of the Foundation appointed under section 17.
- R.S., 1985, c. A-13, s. 9;
- 1995, c. 5, s. 25;
- 2005, c. 30, s. 64;
- 2010, c. 12, s. 1654.
Marginal note:Appointments from provinces
10. When considering the appointment to the Board under paragraph 9(b) of any person proposed by the government of a province, the Board, subject to the criteria that it may establish for the purpose, is to have regard to the amounts contributed to the Foundation by that province.
- R.S., 1985, c. A-13, s. 10;
- 2005, c. 30, s. 65.
Marginal note:Representation and experience
10.1 The appointment of directors is to be made from persons whose background or experience would assist the Foundation in the fulfilment of its purpose and having regard to the following considerations:
(a) the need to ensure, as far as possible, that at least one half of the membership has experience or expertise concerning relations between Canada and the Asia-Pacific region;
(b) the need for a membership that has sufficient knowledge of corporate governance, investment management, auditing and evaluations; and
(c) the importance of having membership that is representative of Canadian society.
- 2005, c. 30, s. 65.
- Date modified: