158(1)Subject to the by-laws and resolutions of the company and the provisions of this Part and the
Insurance Act, and the regulations, the directors have the general management and control of the business and affairs of the company and its funds and property and in connection therewith may appoint a manager, a secretary, a treasurer and such other officers, agents or assistants as to them may seem necessary, prescribe their duties, fix their compensation or allowances, take security for the faithful performance of their respective duties and remove them and appoint others in their stead.