Royal Canadian Mint Act (R.S.C., 1985, c. R-9)

Act current to 2013-05-20 and last amended on 2011-12-16. Previous Versions

MASTER AND BOARD OF DIRECTORS

Marginal note:Board of Directors

8. The Board of Directors of the Mint shall consist of not less than nine and not more than eleven directors, including the Chairperson and the Master.

  • R.S., 1985, c. R-9, s. 8;
  • R.S., 1985, c. 35 (3rd Supp.), s. 7;
  • 1999, c. 4, s. 5.
Marginal note:Chairperson

9. The Chairperson shall be appointed by the Governor in Council to hold office during pleasure for any term that the Governor in Council considers appropriate.

  • R.S., 1985, c. R-9, s. 9;
  • R.S., 1985, c. 35 (3rd Supp.), s. 7;
  • 1999, c. 4, s. 6(E).
Marginal note:Appointment of Master of the Mint

  • 10. (1) The Master shall be appointed by the Governor in Council to hold office during pleasure for such term as the Governor in Council considers appropriate.

  • (2) [Repealed, R.S., 1985, c. 35 (3rd Supp.), s. 8]

  • Marginal note:Master

    (3) The Master is the chief executive officer of the Mint and shall devote the whole of his time to the business of the Mint.

  • Marginal note:Acting Master

    (4) The Board may authorize one of its directors or an officer of the Mint to act as Master in the event that the Master is absent or incapacitated or if the office of Master is vacant but no person so authorized shall act as Master for a period exceeding sixty days without the approval of the Governor in Council.

  • R.S., 1985, c. R-9, s. 10;
  • R.S., 1985, c. 35 (3rd Supp.), s. 8.
Marginal note:Appointment of directors

11. Each director, other than the Chairperson and the Master of the Mint, shall be appointed by the Minister, with the approval of the Governor in Council, to hold office during pleasure for a term not exceeding four years that will ensure, as far as possible, the expiration in any one year of the terms of office of not more than one half of the directors.

  • R.S., 1985, c. R-9, s. 11;
  • R.S., 1985, c. 35 (3rd Supp.), s. 9;
  • 2006, c. 9, s. 298.
Previous Version
Marginal note:Conditions of eligibility

  • 12. (1) Each director appointed under section 11 must have experience in the field of metal fabrication or production, industrial relations or a related field.

  • Marginal note:Outside interests

    (2) A person is not eligible to be appointed or to continue as a director of the Mint if the person is not a Canadian citizen ordinarily resident in Canada or if, directly or indirectly, the person is engaged in any undertaking involving or associated with

    • (a) the production or distribution of copper, copper alloy, nickel or precious metals;

    • (b) the purchase, production, distribution or sale of coins or coin operated devices; or

    • (c) the vending of goods and services by means of coin operated devices.

  • Marginal note:Disposing of interest

    (3) Where any interest prohibited by subsection (2) vests in a director by will or succession for his own benefit, the director shall, within three months thereafter, absolutely dispose of the interest.

  • R.S., 1985, c. R-9, s. 12;
  • R.S., 1985, c. 35 (3rd Supp.), s. 10.