Common use of Managing Director Clause in Contracts

Managing Director. The Board may from time to time appoint a managing director who shall be a resident Canadian and director. If appointed, he shall be the chief executive officer and, subject to the authority of the Board, shall have general supervision of the business and affairs of the Corporation; and he shall, subject to the provisions of the Act, have such other powers and duties as the Board may specify. During the absence or disability of the president, or if no president has been appointed, the managing director shall also have the powers and duties of that office.

Managing Director. The Board board may from time to time appoint a managing director who shall be a resident Canadian and a director. If appointed, he the managing director shall be the chief executive officer and, subject to the authority of the Boardboard, shall have general supervision of the business and affairs of the Corporation; and he the managing director shall, subject to the provisions of the Act, have such other powers and duties as the Board board may specifyspecify except for those powers of directors which under the Act the board may not delegate to a managing director. During the absence or disability of the president, or if no president has been appointed, the managing director shall also have the powers and duties of that office.

Managing Director. The Board board may from time to time appoint a managing director who shall be a resident Canadian and a director. If appointed, he the managing director shall be the chief executive officer and, subject to the authority of the Boardboard, shall have general supervision of the business and affairs of the Corporation; and he shall, subject to the provisions of the Act, have such other powers and duties as the Board board may specify. During the absence or disability of the president, or if no president has been appointed, the managing director shall also have the powers and duties of that office.