3(1)The directors shall be appointed by the Lieutenant-Governor in Council on the recommendation of the Minister.

3(2)Each director shall be appointed for a term not exceeding three years and is eligible for reappointment.

3(3)The appointment of a director may be revoked for cause by the Lieutenant-Governor in Council.

3(4)Despite subsection (2) but subject to subsection (3), a director shall remain in office until the director resigns or is reappointed or replaced.

3(5)If a vacancy occurs on the Board, on the recommendation of the Minister, the Lieutenant-Governor in Council may appoint a person to fill the vacancy for the balance of the term of the director replaced.

3(6)The Minister may consider for recommendation under subsection (1) or (5) the candidates from a list proposed by the nominating committee established under section 4.

3(7)A vacancy on the Board does not affect the power of the Board to act.

3(8)On the recommendation of the Minister, the Lieutenant-Governor in Council shall appoint from among the directors a chair and a vice-chair each of whom shall hold office for the term fixed by the Lieutenant-Governor in Council.

3(9)A majority of the directors, one of whom shall be the chair or the vice-chair, constitutes a quorum.