7.1 |
The Board shall consist of the following
positions:
- President, one (1) year term;
- Vice-President, one (1) year term, mandate defined in paragraph
7.2;
- Past-President, one (1) year term;
- Secretary-Treasurer, two (2) year term;
- Eastern Regional Director, two (2) year term;
- Central Regional Director, two (2) year term;
- Western Regional Director, two (2) year term; and
- Chief Executive Officer (CEO) as a permanent non-voting
member.
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7.2 |
The
Vice-President will be elected for a three (3) year mandate on the
Board and will automatically assume the position of President in
the second year of his/her mandate and the position of
Past-President in his/her third year of
office.
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7.3 |
The Board may create other Director positions and
appoint members of the fmi*igf to these positions. The Board
will also approve the terms of reference and terms for these
positions.
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7.4 |
The Board size will consist of a minimum of six (6)
elected Directors and a maximum of ten (10) elected Directors. The
total number of appointed Directors will not exceed one-third (1/3)
of the number of elected Directors.
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7.5 |
Subject to the Act, the Board shall manage property
and business of the fmi*igf. In particular, the Board
shall:
- Prepare, review and approve the
annual update of the fmi*igf three (3) year strategic plan
(including vision, mission and key objectives and fiscal outlook)
prepared by the Board;
- Appoint Directors and Honorary
Members;
- Approve the annual Operational
Plan and Budget;
- Approve fmi*igf Policies;
- Provide input to the objectives
and performance evaluations of the CEO;
- Approve the Financial Statements
and Annual Report; and
- Approve all reports on performance
and any other reports to the fmi*igf membership or the public.
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7.6 |
The President may
invite members of the fmi*igf and other individuals to attend
portions of Board meetings and participate in the discussion of
items relevant to their areas of responsibility.
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7.7 |
Directors shall not receive any
remuneration for their services as Directors. Within the
framework of policy set by the Board, reasonable expenses may be
reimbursed for their attendance at regular and special meetings of
the Board and for the expenses incurred in the performance of their
duties as outlined in the financial policies.
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7.8 |
Subject to the Act, every Director of the fmi*igf,
or other person duly authorized, who has undertaken or is about to
undertake any liability on behalf of the fmi*igf, shall be
indemnified and saved harmless out of the funds of the fmi*igf and
a liability insurance policy, in or about the execution of the
duties of his/her office provided that they have acted in good
faith.
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7.9 |
A
Director's term ends when he or she: has their term of office
expire, resigns, is removed from office, is declared to be
incapable by a court, becomes a bankrupt, or
dies.
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7.10 |
Vacancy
- If a vacancy occurs on the Board,
the remaining Directors may continue to exercise all the powers of
Directors as long as the number of remaining elected Directors
constitutes a quorum.
- A vacant Director position may be
filled by appointing another person to be a Director by resolution
from the Board.
- When a vacancy is filled, the
Director appointed or elected to fill the vacancy holds office for
the unexpired term of his or her predecessor.
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