Public Sector Pension Investment Board Act

Version of section 10 from 2005-04-01 to 2005-04-03:


Marginal note:Nominating committee

  •  (1) The Minister shall establish a nominating committee to establish a list of qualified candidates for proposed appointment as directors. The committee shall consist of eight members appointed as follows:

  • Marginal note:Term of office

    (2) The members of the nominating committee hold office for five years and are eligible for reappointment for one or more additional terms.

  • Marginal note:Removal

    (3) The Minister who appoints a member may remove that member at any time.

  • Marginal note:Disqualified persons

    (4) When the nominating committee is establishing a list of suitable candidates for appointment as directors, it shall take into account that the persons referred to in subsection 6(2) are not eligible to be directors.

  • Marginal note:Factors for consideration

    (5) When the nominating committee is establishing a list of qualified candidates for proposed appointment as directors, it shall have regard to the desirability of having on the board of directors a sufficient number of directors with proven financial ability or relevant work experience such that the Board will be able to effectively achieve its objects.

  • 1999, c. 34, s. 10
  • 2003, c. 22, s. 225(E)
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