s 32 Appointment of chief executive
(1) Subject to subsection (2), the Bank shall appoint a chief executive of the Bank who shall be— (a) an individual; and (b) resident in Malaysia during the period of his appointment. (2) Without prejudice to any appointment made before the appointed date, the Bank shall, before appointing a chief executive pursuant to subsection (1), seek and obtain the Minister’s written approval for the proposed appointment. (3) Where the Bank fails to comply with subsection (1) or (2), it shall be guilty of an offence and shall on conviction be liable to a fine not exceeding three million ringgit. (4) Where the Bank is guilty of an offence— (a) under subsection (1), any person who at the time of the commission of the offence was a person responsible for the Bank shall also be guilty of that offence and shall on conviction be liable to a fine not exceeding three million ringgit or to imprisonment for a term not exceeding three years or to both; (b) under subsection (2), any person who at the time of the commission of the offence was a person responsible for the Bank shall also be guilty of that offence and shall on conviction be liable to a fine not exceeding three million ringgit.