Malaysia Deposit Insurance Corporation Act 2011 Chapter 3 — Chief Executive Officer

s 19–s 20 · 2 sections

Appointment, functions and accountability

s 19

(1) The Chief Executive Officer shall be appointed by the Minister, on the recommendation of the Board. (2) The Chief Executive Officer shall be responsible for the day-to-day administration of the business and affairs of the Corporation. (3) The Chief Executive Officer shall be answerable and accountable to the Board for the exercise of his powers and the performance of his duties. (4) In the absence or incapacity of the Chief Executive Officer, the Board may authorize an officer of the Corporation to perform the duties, functions and responsibilities of the Chief Executive Officer.

Terms and conditions of service

s 20

The Chief Executive Officer shall— (a) for the purposes of Chapter 4, be deemed to be an officer or employee of the Corporation and be subject to terms and conditions of service; and (b) enjoy such compensation, benefits and any other remuneration as approved by the Minister, upon the recommendation of the Board.

Back to Malaysia Deposit Insurance Corporation Act 2011 — full text

Provisions on this page are reproduced verbatim from official open data. See the attribution line.

Text as at 21 July 2023 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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