Organization Profile - Canadian Commercial Corporation
Canadian Commercial Corporation
The Canadian Commercial Corporation consists of a Chairperson, a President and not more than nine or less than five other directors.
The Chairperson and the President shall be appointed by the GIC to hold office during pleasure for any term that the GIC considers appropriate.
Each director, other than the Chairperson and the President, shall be appointed by the Minister with the approval of the GIC, to hold office during pleasure for a term not exceeding four years that will ensure, as far as possible, the expiry in any one year of the terms of office of not more than half of the directors.
If a director is not appointed to take office on the expiration of the term of an incumbent director, other than an officer-director, the incumbent director continues in office until his/her successor is appointed.
All directors, including the President and the Chairperson, are eligible for reappointment at expiry of term.
If the Chairperson is absent from a meeting, the directors that are present at the meeting shall choose a director to preside at it. For that purpose, the director has all the powers and duties of the Chairperson.
The President is the chief executive officer of the Corporation and has on behalf of the Board the direction and management of the business of the Corporation. The President shall perform any other duties that are assigned by the by-laws or by resolution of the Board.
If the President is absent or unable to act, or the office of President is vacant, the Board may appoint a director or an officer of the Corporation to act as President and shall fix the remuneration and terms and conditions of the appointment. No person may be appointed for a term of more than ninety days without the approval of the Governor in Council.
- Fixed by GiC: Incumbent;per diem ($310 - $375)
- Incumbent; annual ($8,000 - $9,400)
- Fixed by GiC: Position;per diem ($310 - $375)
- Position; annual ($4,000 - $4,700)
- An additional retainer in the range $850 - $1,000 shall be paid to Directors who have additional responsibilities (i.e. Chairperson of a committee of the Board).
Directors who are public servants serve without remuneration.
North Vancouver, British Columbia
Future Appointment: Castelli, Ray (2015-12-14)
Halifax, Nova Scotia
Abbortsford, British Columbia
|Player, K. Scott|
St. John's, Newfoundland and Labrador
Vancouver, British Columbia
|Auditor (ex officio)|
|Auditor General of Canada|
During Pleasure (Interpretation Act)
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