The governance structure of the Canada Millennium Scholarship Foundation is similar to that of the CFI. The numbers are a little different. We have a 15-person board, six members of which, including the chair, are appointed by the Governor in Council; the other nine directors of the foundation are elected by 15 members of the foundation. Originally, six of the 15 members of the foundation were appointed by the government, and the other nine were chosen by the first six. In the future, if any member should leave, the remaining members would elect a new member.
On May 30th, 2006. See this statement in context.