49
In forceRemoval of all board members
Part 4Oversight of foundations and boards
Division 2Administrators
49 Removal of all board members
(1)
The Governor in Council may, at any time, on the recommendation of the Minister, remove all members of a board.
(2)
The Minister may make a recommendation under subsection (1) only if the Minister is satisfied it is in the public interest to do so, having regard to the Minister’s consideration of the financial viability of the foundation or the administration or management of the foundation.
(3)
If the Governor in Council acts under subsection (1), the members go out of office.
(4)
No compensation is payable to a member in relation to the removal of the member.
This Act’s bill:Explanatory memorandumSecond reading speech
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