(1) There shall be a Board of Directors constituted under subsection
(2), which shall be responsible for the policy and overall administration of the affairs and business of the Bank.
(2) Members of the Board of Directors shall be appointed by name by the Minister and shall comprise of—
(a) a Chairman;
(b) a representative of the Ministry of Finance, who shall be the Deputy Chairman;
(c) (Deleted by Act A1389);
(d) (Deleted by Act A1389);
(e) not less than four other directors, who shall be persons of standing and experience in matters relating to banking, business or industry; and
(f) the Chief Executive.
Malay text (authoritative)
Lembaga Pengarah
(1) Suatu Lembaga Pengarah hendaklah ditubuhkan di bawah subseksyen (2) dan Lembaga itu hendaklah bertanggungjawab terhadap dasar dan pentadbiran keseluruhan hal ehwal dan urusan Bank.
(2) Ahli Lembaga Pengarah hendaklah dilantik mengikut nama oleh Menteri dan hendaklah terdiri daripada—
(a) seorang Pengerusi;
(b) seorang wakil Kementerian Kewangan, yang hendaklah menjadi Timbalan Pengerusi;
(c) (Dipotong oleh Akta A1389);
(d) (Dipotong oleh Akta A1389);
(e) tidak kurang daripada empat orang pengarah lain dan mereka itu hendaklah orang yang berkenamaan dan berpengalaman dalam perkara yang berhubungan dengan perbankan, perniagaan atau industri; dan
(f) Ketua Eksekutif.
Text as at 1 December 2011 (LOM reprint); amendments made after that date may not be incorporated.
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).
