Common use of Responsibilities of the Board of Directors Clause in Contracts

Responsibilities of the Board of Directors. The Board of Directors will be responsible for: (a) supervising the management of the business and affairs of the CMRA, other than matters related to the Tribunal’s adjudicative functions; (b) overseeing organization design decisions for the CMRA consistent with the principles set out in this MOA; (c) appointing the chief regulator and approving the deputy chief regulators proposed by the chief regulator based on a merit-based search by the chief regulator; (d) exercising the CMRA’s power to make regulations under the Capital Markets Act and the Capital Markets Stability Act; (e) setting the policy priorities and strategy of the CMRA; and (f) overseeing the chief regulator as Canada’s lead regulatory voice on domestic and international capital market issues and affairs.

Responsibilities of the Board of Directors. The Board of Directors will be responsible for: (a) supervising the management of the business and affairs of the CMRA, other than matters related to the Tribunal’s adjudicative functions; (b) overseeing organization design decisions for the CMRA consistent with the principles set out in this MOA; (c) appointing the chief regulator and approving the deputy chief regulators proposed by the chief regulator based on a merit-based search by the chief regulator; (d) exercising the CMRA’s power to make regulations under the Provincial Capital Markets Act and the Federal Capital Markets Stability Act; (e) setting the policy priorities and strategy of the CMRA; and (f) overseeing the chief regulator as Canada’s lead regulatory voice on domestic and international capital market issues and affairs.