Canada Employment Insurance Financing Board Act (S.C. 2008, c. 28, s. 121)

Marginal note:Designation

• 11. (1) The Governor in Council shall, on the recommendation of the Minister made after the Minister has consulted with the board of directors, designate one of the directors as chairperson of the board of directors.

• Marginal note:Term of office

  (2) The chairperson shall hold office during good behaviour for the term that the Governor in Council deems appropriate and is eligible for reappointment for one or more additional terms.

• Marginal note:Removal

  (3) The Governor in Council may remove the chairperson for cause.

• Marginal note:Presiding at meetings

  (4) The chairperson shall preside at all meetings of the board of directors and may exercise the powers and perform the duties and functions that are specified by the board of directors.

• Marginal note:Absence of chairperson

  (5) If the chairperson is absent at any meeting of the board of directors, one of the directors present who is chosen to so act by the directors present shall preside and have all the powers, duties and functions of the chairperson.

• Marginal note:Incapacity of chairperson

  (6) If the chairperson is incapable of performing his or her duties or there is a vacancy in the office of chairperson, the Minister may, after consulting with the board of directors, designate another director to exercise the powers and perform the duties and functions of the chairperson.

Marginal note:Directors not officers

• 12. (1) A director is not eligible to be appointed as an officer of the Board.

• Marginal note:Two or more offices

  (2) A person may hold two or more offices of the Board.

Marginal note:Designation

• 13. (1) The board of directors shall, after consulting with the Minister, appoint the chief executive officer of the Board on the basis of merit taking into account any relevant experience in the financial or insurance sector as a senior executive.

• Marginal note:Term of office

  (2) The chief executive officer shall hold office for the term that the board of directors deems appropriate.

• Marginal note:Removal

  (3) The board of directors may remove the chief executive officer for cause.

• Marginal note:Duties

  (4) The chief executive officer is responsible for the direction and management of the business and day-to-day operations of the Board.

• Marginal note:Not a board member

  (5) The chief executive officer is not a member of the board of directors.

• Marginal note:Absence, incapacity or vacancy

  (6) If the chief executive officer is absent or incapacitated or if the office of chief executive officer is vacant, the chairperson of the board of directors may designate any qualified person to exercise the powers and perform the duties and functions of the chief executive officer during the absence, incapacity or vacancy, but no person may be so designated for a period exceeding 90 days without the approval of the board of directors.