48.1. Executive Director/Chief Executive Officer

The Executive Director (ED) of the GPC is also, if appointed, the Executive Director of the Fund, responsible for managing the affairs of the Fund. The Executive Director, if one is appointed, shall supervise the day-to-day operations and administration of the Fund. The Board may delegate to the ED the power to manage or supervise the management of the activities and affairs of the Fund subject subsection 138(2) of the Act. The ED shall, with reasonable timeline, give to the Board all reasonable information it may require regarding the affairs of the Fund to undertake duties as outlined in these By-laws.