Budget Implementation Act, 1998
Marginal note:Delegation by directors
25. (1) Subject to subsection (2), the Board may delegate to the Chairperson, a committee of directors or an officer of the Foundation any of the powers or rights of the Board.
Marginal note:Restrictions on delegation
(2) The Board shall not delegate any power or right of the Board
(a) to enact, amend or repeal by-laws;
(b) to authorize the granting of scholarships;
(c) to appoint directors to, or fill vacancies on, a committee of the Board;
(d) to appoint officers of the Foundation or fix their remuneration;
(e) to accept donations;
(f) to approve the financial statements or reports of the Foundation; or
(g) to submit to the members any matter requiring the approval of the members.
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