48.3. Chair or Co-Chairs

The Board shall, from time to time, appoint from their number a Director or Directors to act as Chair or Co-Chairs (elsewhere referenced in the singular). The Chair shall facilitate meetings of the Board and shall, subject to the authority of the Board, have general oversight of the affairs of the Fund. The Chair is authorized to act on behalf of the Board in between Board meetings, unless a motion is passed by the Board revoking or limiting this authorization. The Chair is responsible for calling meetings, moving the business of the Fund forward, and ensuring the Board is performing their duties in good faith and the best interests of the Fund. The Chair’s role is limited by the roles and responsibilities outlined in this By-law and any motions passed by the Board or Members. This position shall not be remunerated for their services, provided that for the purposes of this section, they are entitled to have reimbursed any cost incurred by them in performance of their duties and to receive an annual honorarium as determined by the Board and provided for in the budget.