5. The Government shall appoint, from among the members of the board of directors, a chairman of the board and chief executive officer who shall hold that office on a full-time basis.
The chairman of the board and chief executive officer shall preside at meetings of the board and see to its operations. He shall be responsible for the administration and direction of the Corporation and assume any other responsibilities assigned to him by the board of directors. He shall also be responsible for communications between the Corporation and the Government.
R. S. 1964, c. 86, s. 5; 1978, c. 41, s. 4; 1983, c. 15, s. 3; 1988, c. 36, s. 2.