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Second
Session, 46th General Assembly 58
Elizabeth II, 2009 |
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AN ACT TO AMEND THE
RESEARCH |
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Received and Read the First Time................................................................................................... |
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Second |
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Committee............................................................................................................................................ |
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Third |
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Royal Assent...................................................................................................................................... |
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HONOURABLE
SHAWN SKINNER Minister of Innovation, Trade and Rural Development |
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Ordered
to be printed by the Honourable House of Assembly |
EXPLANATORY NOTES This Bill would amend the Research and Development Council Act to enable the Lieutenant-Governor in Council to change the name of the research and development council. Clause 1 of the Bill would also amend section 2 of the Act to expand the definition of research to include social sciences and humanities. In Clause 2 of the Bill, the Act
would be amended to remove the reference to the application of section 203 of
the Corporations Act to the council. Clause 3 of the Bill would amend the Act to provide for a term of appointment of a member for up to 3 years. Clause 4 of the Bill would add a new section to the Act respecting the duty of care to be exercised by directors and officers of the council, similar to the duty imposed upon directors and officers under subsection 203(1) of the Corporations Act. Clause 5 of the Bill is a commencement clause. |
A BILL AN ACT TO AMEND THE RESEARCH AND DEVELOPMENT COUNCIL ACT Analysis 1.
S.2 Amdt. 2.
S.3 Amdt. 3.
S.7 Amdt. 4.
S.13.1 Added 5. Commencement
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: SNL2008 cR-13.1 1. (1) Paragraph 2(d) of the Research and Development Council Act is repealed and the following substituted: (d) "council" means the research and development council established under section 3; (2) Paragraph 2(g) of the Act is repealed and the following substituted: (g) "research"
means research with respect to science, engineering and technology, social
sciences and humanities. 2. (1) Subsection 3(1) of the Act is repealed and the following substituted: Council
established 3. (1) There is established as a corporation a research and development council for the province. (1.1) The name of the council shall be determined by the Lieutenant-Governor in Council. (2) Subsection 3(3) of the Act is repealed and the following substituted: (3) The Corporations Act does not apply to the council. 3. Subsection 7(1) of the Act is repealed and the following substituted: Tenure of members 7. (1) Members
of the board, whether appointed before or after this Act comes into force,
shall be appointed for a term of up to 3 years but may be removed by the Lieutenant-Governor
in Council for cause. 4. The Act is amended by adding immediately after section 13 the following: Duty of care 13.1 A director and officer of the council in exercising his or her powers and discharging his or her duties shall (a) act honestly and in good faith with a view to the best interests of the corporation; and (b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. Commencement 5. This Act comes into force on the day that the Research and Development Council Act comes into force. ŠEarl G. Tucker, Queen's Printer |