Marginal note:Appointment of directors
14 (1) The directors of a port authority shall be appointed as follows:
(a) the Governor in Council appoints one individual nominated by the Minister;
(b) the municipalities mentioned in the letters patent appoint one individual;
(c) the province or provinces mentioned in the letters patent appoint one or two individuals as mentioned in the letters patent; and
(d) the Governor in Council appoints the remaining individuals nominated by the Minister in consultation with users selected by the Minister or the classes of users mentioned in the letters patent.
Marginal note:Tenure of office
(2) The directors are appointed to hold office for such term of not more than three years as 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, the terms being renewable once only.
Marginal note:Not eligible
(3) No person is eligible to be appointed as a director within twelve months after the expiration of their term or renewed term.
Marginal note:Part-time
(4) The directors are appointed to serve part-time.
Marginal note:Remuneration
(5) The board of directors shall fix the remuneration of the directors, the chairperson and the chief executive officer.
Marginal note:Quorum
(6) Subject to the letters patent, a majority of the directors in office constitutes a quorum at any meeting of directors and a quorum of directors may exercise all the powers of the directors.
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