Canadian Payments Act
Version of section 20 from 2015-06-04 to 2024-10-30:
Marginal note:Nominating committee
20 (1) The Board shall establish a nominating committee to identify and propose qualified candidates for the election of directors.
Marginal note:Composition
(2) The nominating committee shall consist of elected directors, a majority of whom shall be directors referred to in paragraph 8(1)(d).
Marginal note:Representative character
(3) When the nominating committee is identifying qualified candidates for the election of directors referred to in paragraph 8(1)(c), it shall endeavour to identify candidates that are broadly representative of the diversity of the membership of the Association.
- R.S., 1985, c. C-21, s. 20
- 2001, c. 9, ss. 237(E), 245(E)
- 2007, c. 6, s. 431(F)
- 2014, c. 39, s. 347
- Date modified: