The Federation of Students is constituted as a corporation without share capital under
the Ontario Corporations Act. As with most corporations, the Federation of Students
maintains a nine member Board of Directors, which functions as the highest
decision-making body of the Federation of Students, University of Waterloo.

The Board of Directors meets on behalf of the corporation’s shareholders (full-time UW
students) largely to discuss and guide the financial and contractual affairs of the
corporation, or under unusual and emergent circumstances, when Students’ Council is unable to make a decision on a particular matter.

The Board of Directors is ratified each Winter Term at the General Meeting of the
Corporation, with the following members:

• President, who is Chair of the Board and Chief Executive Officer;
• VP Administration and Finance, who is Treasurer and Chief Financial Officer;
• Vice-President, Internal, who is Secretary;
• Vice-President, Education;
• Five voting members of Students' Council; and
• General Manager (non-voting).

Vacancies occurring on the Board of Directors during the year are filled by the Board of Directors.

In addition to Federal and Provincial laws, the Board of Directors is bound by the
Federation of Students’ Board Procedures.