11.2 Key officers

Both a statutory and a company GOC must have a board of directors appointed by the Governor in Council pursuant to the GOC Act. In the case of both company and statutory GOCs, the GOC Act provides that in appointing a person as a director, the Governor in Council must have regard to the person's ability to make a contribution to the GOC's commercial performance and the implementation of the Statement of Corporate Intent.

The GOC Act precludes public servants from being appointed to GOC Boards.

The Governor in Council may appoint a director to be the chairperson of a statutory GOC's board. The Governor in Council may also appoint another director to be the board's deputy chairperson.

Each GOC must have a CEO who is to manage the day to day affairs of the GOC. The GOC Act provides that a GOC's CEO is appointed by the Governor in Council on the recommendation of the GOC's Board.

Last reviewed: 17 July, 2009

Last updated: 22 July, 2009

^ to top