Canada Mortgage and Housing Corporation Act

Marginal note:Appointment of President

• 7 (1) The President shall be appointed by the Governor in Council to hold office during pleasure for such term as the Governor in Council considers appropriate.

• Marginal note:Salary of President

  (2) The Governor in Council shall fix the salary of the President.

• Marginal note:Appointment and salary of Vice-Presidents

  (3) The Board, with the approval of the Governor in Council, shall appoint three Vice-Presidents and fix their salaries.

• Marginal note:Term of office of Vice-Presidents

  (4) The Vice-Presidents hold office during good behaviour for a term of seven years but are removable by the Governor in Council, on a resolution of the Board, for incapacity or for other cause.

• Marginal note:Re-appointment

  (5) The President and Vice-Presidents on the expiration of their terms of office may, if eligible, be re-appointed.