15(1)Each board shall establish a process for appointing a president and chief executive officer in the by-laws and shall appoint a president and chief executive officer in accordance with that process.

15(2)The remuneration and benefits for each president and chief executive officer shall be established by the by-laws of the respective corporation.

15(3)Despite subsection (2), a by-law establishing the remuneration and benefits of a president and chief executive officer is ineffective until it has been approved by the Lieutenant-Governor in Council.

15(4)Subject to the direction of the board of a corporation, each president and chief executive officer is responsible for the general management and direction of the business of that corporation and may exercise the other powers that may be conferred on the president and chief executive officer by the by-laws.

15(5)The pension plan converted to a shared risk plan in accordance with An Act Respecting Public Service Pensions applies to each president and chief executive officer.

15(6)The term of office of each president and chief executive officer is 5 years and may be renewed.

15(7)A president and chief executive officer may be removed for cause by the board.

15(8)A president and chief executive officer may appoint an employee of the corporation to act in his or her place if he or she is unable to act for any reason.

15(1)Each board shall establish a process for appointing a president and chief executive officer in the by-laws and shall appoint a president and chief executive officer in accordance with that process.

15(2)The remuneration and benefits for each president and chief executive officer shall be established by the by-laws of the respective corporation.

15(3)Despite subsection (2), a by-law establishing the remuneration and benefits of a president and chief executive officer is ineffective until it has been approved by the Lieutenant-Governor in Council.

15(4)Subject to the direction of the board of a corporation, each president and chief executive officer is responsible for the general management and direction of the business of that corporation and may exercise the other powers that may be conferred on the president and chief executive officer by the by-laws.

15(5)The Public Service Superannuation Act applies to each president and chief executive officer.

15(6)The term of office of each president and chief executive officer is 5 years and may be renewed.

15(7)A president and chief executive officer may be removed for cause by the board.

15(8)A president and chief executive officer may appoint an employee of the corporation to act in his or her place if he or she is unable to act for any reason.

15(1)Each board shall establish a process for appointing a president and chief executive officer in the by-laws and shall appoint a president and chief executive officer in accordance with that process.

15(2)The remuneration and benefits for each president and chief executive officer shall be established by the by-laws of the respective corporation.

15(3)Despite subsection (2), a by-law establishing the remuneration and benefits of a president and chief executive officer is ineffective until it has been approved by the Lieutenant-Governor in Council.

15(4)Subject to the direction of the board of a corporation, each president and chief executive officer is responsible for the general management and direction of the business of that corporation and may exercise the other powers that may be conferred on the president and chief executive officer by the by-laws.

15(5)The Public Service Superannuation Act applies to each president and chief executive officer.

15(6)The term of office of each president and chief executive officer is 5 years and may be renewed.

15(7)A president and chief executive officer may be removed for cause by the board.

15(8)A president and chief executive officer may appoint an employee of the corporation to act in his or her place if he or she is unable to act for any reason.