11.2 Key officers

GOCs must have a board of directors appointed by the Governor in Council pursuant to the GOC Act.¹ The GOC Act provides that in appointing a person as a director, the Governor in Council must have regard to the person's ability to make a contribution to the GOC's commercial performance and, if the GOC has a statement of corporate intent, the implementation of the statement.² The Act precludes public servants from being appointed to GOC boards.³

Each GOC must have a Chief Executive Officer (CEO) who is to manage the day to day affairs of the GOC. The GOC Act provides that a GOC's CEO is appointed by the GOC's board with the prior written approval of the Shareholding Ministers.

1. Section 89(1) GOC Act
2. Section 89(2) GOC Act
3. Section 90 GOC Act