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 of Board

  (3) The Board may establish any committee of the Board that it considers advisable and may determine the committee’s composition and duties and the tenure of its members.

• Marginal note:Delegation of powers and specification of duties

  (4) The Board may delegate power to, and specify the duties and authority of, any committee of the Board 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.