Indemnity

(1) The Corporation shall indemnify a Board member, Chief Executive Officer, other officer, staff member or any other person in the service of the Corporation for all costs, charges and expenses reasonably incurred in respect of any proceedings arising from the discharge of their duties under this Act, including costs incurred in defence of a legal action brought against such persons, and costs to settle an action or to satisfy a court ruling. (2) Sub-section (1) shall not apply where a Board member, officer, employee or any other person in the service of the Corporation has acted in bad faith.