The following text is based on section 20 of the University Act:
Section 20
(1) Each member of the Board elected under section 19 (1) (c) and (f) and (2) (c), (d), (h), and (i) holds office for three years and after that until a successor is elected.
(1.1) Each member of the Board appointed under section 19 (1) (d) and (2) (e) holds office for a term of up to three years and after that until a successor is appointed.
(2) Each member of the Board elected under section 19 (1) (e) or (2) (f) or (g) holds office for one year and after that until a successor is elected.
(3) The chancellor and president are members of the Board for so long as they hold their respective offices.
The full and unedited text of the University Act is available at BC Laws.