8(1)Five members of the Board constitute a quorum.

8(2)If a member of the Board referred to in paragraph 6(1)(b) is absent from his or her duties for a period in excess of three months or becomes incapacitated or disabled and is unable to act by reason of the absence, illness, infirmity, incapacity or inability, the Lieutenant-Governor in Council may appoint a person to act in the member’s place during the period that the member is absent or incapacitated, and the person appointed while acting in the member’s place may discharge all the duties and has all the rights and powers of a director.

8(3)The affirmative votes of a majority of the members present at a meeting of the Board at which a quorum is present are sufficient to pass any resolution which the Board is competent to make.

8(4)The Board shall appoint an employee of the Corporation to be secretary of the Board who shall perform such duties and functions as the Board may direct.

8(5)Subject to this Act, the Board may make by-laws for the management of the property, effects, business and affairs of the Corporation or relating to any other thing that may be necessary for carrying out the purposes of the Corporation and for exercising any other powers of the Corporation incidental to those purposes.

8(6)A copy of the by-laws and all amendments to the by-laws, certified to be correct by the secretary of the Board, is to be forwarded to the Minister of Finance and Treasury Board.

8(7)There shall be minutes taken of the meetings of the Board and the minutes shall be approved by the Board and certified to be correct by the secretary of the Board.

8(8)A copy of the minutes of each meeting of the Board, certified to be correct by the secretary of the Board, shall be submitted to the Minister of Finance and Treasury Board after each meeting of the Board.

8(1)Five members of the Board constitute a quorum.

8(2)If a member of the Board referred to in paragraph 6(1)(b) is absent from his or her duties for a period in excess of three months or becomes incapacitated or disabled and is unable to act by reason of the absence, illness, infirmity, incapacity or inability, the Lieutenant-Governor in Council may appoint a person to act in the member’s place during the period that the member is absent or incapacitated, and the person appointed while acting in the member’s place may discharge all the duties and has all the rights and powers of a director.

8(3)The affirmative votes of a majority of the members present at a meeting of the Board at which a quorum is present are sufficient to pass any resolution which the Board is competent to make.

8(4)The Board shall appoint an employee of the Corporation to be secretary of the Board who shall perform such duties and functions as the Board may direct.

8(5)Subject to this Act, the Board may make by-laws for the management of the property, effects, business and affairs of the Corporation or relating to any other thing that may be necessary for carrying out the purposes of the Corporation and for exercising any other powers of the Corporation incidental to those purposes.

8(6)A copy of the by-laws and all amendments to the by-laws, certified to be correct by the secretary of the Board, is to be forwarded to the Minister of Finance.

8(7)There shall be minutes taken of the meetings of the Board and the minutes shall be approved by the Board and certified to be correct by the secretary of the Board.

8(8)A copy of the minutes of each meeting of the Board, certified to be correct by the secretary of the Board, shall be submitted to the Minister of Finance after each meeting of the Board.