Government of Canada / Gouvernement du Canada
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Budget Implementation Act, 1998

Version of section 25 from 2003-01-01 to 2010-10-19:

Marginal note:Delegation by directors

  •  (1) Subject to subsection (2), the Board may delegate to the Chairperson, a committee of directors or an officer of the Foundation any of the powers or rights of the Board.

  • Marginal note:Restrictions on delegation

    (2) The Board shall not delegate any power or right of the Board

    • (a) to enact, amend or repeal by-laws;

    • (b) to authorize the granting of scholarships;

    • (c) to appoint directors to, or fill vacancies on, a committee of the Board;

    • (d) to appoint officers of the Foundation or fix their remuneration;

    • (e) to accept donations;

    • (f) to approve the financial statements or reports of the Foundation; or

    • (g) to submit to the members any matter requiring the approval of the members.

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