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← Malaysia Co-operative Societies Commission Act 2007

Malaysia Co-operative Societies Commission Act 2007 s 11

Malaysia Co-operative Societies Commission Act 2007 s 11

s 11 Duties and composition

(1) The Commission shall have a board of directors who shall be responsible for the policy and general administration of the affairs and business of the Commission. (2) The Board may give decisions and exercise all powers and do all acts which may be exercised or done by the Commission. (3) The Board shall consist of the following directors: (a) an Executive Chairman appointed by the Yang di-Pertuan Agong; (b) a Deputy Executive Chairman appointed by the Yang di-Pertuan Agong; (c) the Governor or a Deputy Governor of Bank Negara Malaysia as nominated by the Governor; (d) the Secretary General of the Ministry charged with the responsibility for co-operative development; (e) the Secretary General or a Deputy Secretary General of the Ministry of Finance as nominated by the Minister of Finance; (f) a Secretary General or a Deputy Secretary General of a ministry as appointed by the Minister; and (g) six persons appointed by the Minister, at least two of whom shall be persons of standing and experience in the co-operative movement. (4) The Board shall entrust the Executive Chairman with the day-to-day administration of the business and affairs of the Commission. (5) The Executive Chairman and the Deputy Executive Chairman shall devote the whole of their professional time to the service of the Commission and while holding office shall not occupy any other office or employment whether remunerated or not. (6) The Executive Chairman and the Deputy Executive Chairman shall be answerable and accountable to the Board for the exercise of their powers and the performance of their duties, functions and decisions. (7) The Executive Chairman and the Deputy Executive Chairman shall be appointed on such terms and conditions as may be provided for in their respective letters of appointment. (8) In the event that the Executive Chairman is unable to act due to inability or any other cause, the Deputy Executive Chairman shall exercise the powers and perform the duties, functions and responsibilities of the Executive Chairman during the period of such inability including any power or function delegated to the Executive Chairman by the Board under section 24.

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Find Act 665 on lom.agc.gov.my ↗

Text as at 1 November 2012 (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).

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