6(1)The affairs of the Corporation shall be administered by a board of directors consisting of

6(2)The term of office of a member of the Board appointed under paragraph (1)(b) shall not exceed three years.

6(3)A member of the Board appointed under paragraph (1)(b) shall not be appointed for more than three consecutive terms.

6(4)The Board shall administer the affairs of the Corporation on a commercial basis and all decisions and actions of the Board are to be based on sound business practices.

6(5)The members of the Board are directors of the Corporation within the meaning of the Companies Act except if inconsistent with this Act.

6(6)Despite subsection (2), the Lieutenant-Governor in Council shall appoint one member of the Board to hold office as chair of the Board for a term of office of not less than two years and of not more than five years.

6(7)On address of the Legislative Assembly, the Lieutenant-Governor in Council may remove a member of the Board appointed under paragraph (1)(b) for misbehaviour, incapacity or inability to perform his or her duties properly.

6(8)If a member of the Board resigns or is removed under subsection (7), the Lieutenant-Governor in Council may appoint a substitute for the balance of his or her term.

6(9)Despite subsection (2) and subject to subsection (7), a member of the Board shall remain in office until he or she resigns or is reappointed or replaced.

6(10)A vacancy on the Board does not impair the capacity of the Board to act.