19. The boards of directors of the subsidiaries contemplated in paragraphs a to c of section 18 shall be composed of an odd number of members appointed by the Government, a simple majority of whom shall be appointed upon the recommendation of the Société, and the others upon the recommendation of the other body which is a shareholder.
The term of office of each member of the board shall be determined by the Government ; it shall not exceed five years but, once fixed, it shall not be reduced thereafter.
When a member of the board of directors is absent or unable to act, he may be replaced by a person appointed by the Government to perform his duties while he remains absent or unable to act.
1971, c. 34, s. 19; 1978, c. 41, s. 20; 1999, c. 40, s. 105.