Malaysia Deposit Insurance Corporation Act 2011 s 13
s 13 Term of office of directors
(1) The directors appointed by the Minister under subsection 11(2) shall hold office for terms not exceeding three years and shall be eligible for reappointment.
(2) The Governor and the Secretary General of the Treasury shall be directors for the duration of their tenures as the Governor and the Secretary General of the Treasury, respectively.
(3) An alternate director assigned in subsection 11(2B) by a director referred to in paragraph 11(2)(b) or (c) (referred to in this subsection as “principal director”) shall, unless the assignment is sooner revoked in writing or the position is no longer in existence, cease to be an alternate director when the principal director ceases to be a member of the Board.
Malay text (authoritative)
Tempoh jawatan pengarah
(1) Pengarah yang dilantik oleh Menteri di bawah subseksyen 11(2) hendaklah memegang jawatan bagi suatu tempoh yang tidak melebihi tiga tahun dan layak untuk dilantik semula.
(2) Gabenor dan Ketua Setiausaha Perbendaharaan, masing-masing, hendaklah menjadi pengarah sepanjang tempoh mereka memegang jawatan sebagai Gabenor dan Ketua Setiausaha Perbendaharaan.
(3) Seseorang pengarah silih ganti yang ditugaskan dalam subseksyen 11(2B) oleh seorang pengarah yang disebut dalam perenggan 11(2)(b) atau (c) (dalam subseksyen ini disebut sebagai
“pengarah prinsipal”) hendaklah, melainkan jika tugasan itu terlebih dahulu dibatalkan secara bertulis atau jawatan itu tidak lagi wujud, terhenti menjadi pengarah silih ganti apabila pengarah prinsipal terhenti menjadi anggota Lembaga.
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Find Act 720 on lom.agc.gov.my ↗
Text as at 21 July 2023 (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).
