5. The members of the board of directors shall appoint the chief executive officer of the Société.
The term of office of the chief executive officer may not exceed five years. The term may be renewed if the other board members, after having evaluated the performance of the chief executive officer outside his or her presence, consider such a renewal to be appropriate.
The chief executive officer may not be an employee, officer or director of a credit union that is a member of the Fédération des caisses Desjardins du Québec, the Fédération des caisses Desjardins du Québec, one of its subsidiaries or one of the Société’s subsidiaries, or have been such an employee, officer or director in the year preceding the date of appointment to office.
The Société may, by by-law, designate the chief executive officer by a different title.
2001, c. 36, s. 5; 2020, c. 5, s. 2031.