187.7. The board of directors may, by a by-law approved by the Council, fix the remuneration or indemnity of its members.
It may, by the same by-law, fix any additional remuneration or indemnity for the chairman or the first or second vice-chairman of the Société.
Any indemnity is paid as reimbursement for the part of the expenses attached to the office which are not reimbursed pursuant to sections 187.11 to 187.15. The indemnity may not exceed one half of the remuneration.
The by-law may have retroactive effect from 1 January of the year in which it comes into force.