PART II THE BOARD
By-laws
4.10 (1) The board of directors may make by-laws regulating the business and affairs of the Board. 2019, c. 6, Sched. 2, s. 9. Governance and structure by-laws (2) Without limiting the generality of subsection (1), the board of directors shall ensure that the by-laws deal with matters of corporate governance and structure, including, (a)  the powers, duties and functions of the members of the Board and of the officers employed by the Board, including specifying the accountability relationship of the chief commissioner to the chief executive officer and other accountability relationships; (b)  the remuneration and benefits for the positions of commissioner and chief commissioner appointed by the board of directors; (c)  the circumstances in which a member of the Board ceases to hold office; (d)  procedures for the appointment and reappointment of the chief executive officer, the chief commissioner and other commissioners; (e)  the delegation of the board of directors’ powers and duties under subsection 4.1 (19) and of the Board’s powers and duties under section 6; (f)  the emergency circumstances in which the quorum of the board of directors is one member; (g)  the appointment of an auditor; (h)  the establishment, composition and functions of the adjudication committee and other committees of the board of directors; (i)  the establishment, composition and functions of panels of commissioners; (j)  the composition and functions of the Market Surveillance Panel and the appointment, removal and remuneration of members of the Market Surveillance Panel; and (k)  any other matter prescribed by the regulations. 2019, c. 6, Sched. 2, s. 9. (3) Repealed: 2021, c. 34, Sched. 18, s. 2 (1). Notice to Minister (4) The board of directors shall deliver to the Minister a copy of every by-law passed by it. 2019, c. 6, Sched. 2, s. 9. (5)-(7) Repealed: 2021, c. 34, Sched. 18, s. 2 (1). Minister’s review of certain by-laws (8) Within 60 days after delivery of a by-law made under clause (2) (b) or (d), the Minister may approve, reject or return it to the board of directors for further consideration. 2019, c. 6, Sched. 2, s. 9; 2021, c. 34, Sched. 18, s. 2 (2). Effect of approval (9) A by-law made under clause (2) (b) or (d) that is approved by the Minister becomes effective on the date of the approval or on such later date as the by-law may provide. 2019, c. 6, Sched. 2, s. 9; 2021, c. 34, Sched. 18, s. 2 (2). Effect of rejection (10) A by-law made under clause (2) (b) or (d) that is rejected by the Minister does not become effective. 2019, c. 6, Sched. 2, s. 9; 2021, c. 34, Sched. 18, s. 2 (2). Effect of return for further consideration (11) A by-law made under clause (2) (b) or (d) that is returned to the board of directors for further consideration does not become effective until the board of directors returns it to the Minister and the Minister approves it. 2019, c. 6, Sched. 2, s. 9; 2021, c. 34, Sched. 18, s. 2 (2). Expiry of review period (12) If, within the 60-day period referred to in subsection (8), the Minister does not take a step under this section, the by-law becomes effective on the 75th day after it is delivered to the Minister or on such later date as the by-law may provide. 2019, c. 6, Sched. 2, s. 9; 2021, c. 34, Sched. 18, s. 2 (3). Publication (13) The board of directors shall publish every by-law made under subsection (2) on the Board’s website as soon as practicable after the by-law becomes effective. 2019, c. 6, Sched. 2, s. 9. Legislation Act, 2006, Part III (14) Part III (Regulations) of the Legislation Act, 2006 does not apply to by-laws made under subsection (2). 2019, c. 6, Sched. 2, s. 9. Section Amendments with date in force (d/m/y) 2003, c. 3, s. 11 - 01/08/2003 2004, c. 23, Sched. B, s. 5 - 01/01/2005 2006, c. 21, Sched. F, s. 136 (1) - 25/07/2007 2019, c. 6, Sched. 2, s. 9 - 01/10/2020 2021, c. 34, Sched. 18, s. 2 (1-3) - 02/12/2021