Appointment, term of office and remuneration of auditor
105(1)Shareholders of a corporation may by ordinary resolution at the first meeting of shareholders and at each succeeding annual meeting appoint an auditor to hold office until the close of the next annual meeting.
105(2)An auditor appointed under section 62 is eligible for appointment under subsection (1).
105(3)A resolution under subsection (1) is valid only until the next succeeding annual meeting of shareholders.
105(4)The remuneration of an auditor may be fixed by ordinary resolution of the shareholders or, if not so fixed, may be fixed by the directors.
105(5)If an auditor is not appointed at a meeting, then the incumbent auditor continues in office until his successor is appointed unless a resolution is passed not to appoint an auditor for the ensuing year.
Appointment, term of office and remuneration of auditor
105(1)Shareholders of a corporation may by ordinary resolution at the first meeting of shareholders and at each succeeding annual meeting appoint an auditor to hold office until the close of the next annual meeting.
105(2)An auditor appointed under section 62 is eligible for appointment under subsection (1).
105(3)A resolution under subsection (1) is valid only until the next succeeding annual meeting of shareholders.
105(4)The remuneration of an auditor may be fixed by ordinary resolution of the shareholders or, if not so fixed, may be fixed by the directors.
105(5)If an auditor is not appointed at a meeting, then the incumbent auditor continues in office until his successor is appointed unless a resolution is passed not to appoint an auditor for the ensuing year.