Malaysia Deposit Insurance Corporation Act 2011 s 18
s 18 Meetings
(1) The Board shall meet as often as may be required but not less than four times a year.
(2) The Chairman shall preside at all meetings of the Board and in his absence, the directors present shall elect a chairman from among the directors referred to in paragraph 11(2)(e) and the person so elected shall preside and have all the powers of the Chairman.
(3) (Deleted by Act A1647).
(4) The decisions of the Board shall be adopted by a simple majority of the votes of the directors present and voting.
(5) In the case of an equality of votes, the Chairman shall have a casting vote.
(6) A resolution in writing, signed by all the directors for the time being entitled to receive notice of a meeting of the directors, shall be as valid and effective as if it had been passed at a meeting of the directors duly convened and held and any such resolution may consist of several documents in like form, each signed by one or more directors.
(7) Nothing in this section shall prevent the Chairman from authorizing a director to use live video, television links or other appropriate communication or multimedia facilities to participate in any meeting of the Board where, prior to the meeting, the director, by notification to the Chairman, has requested for such authorization.
Malay text (authoritative)
Mesyuarat
(1) Lembaga hendaklah bermesyuarat sekerap yang dikehendaki tetapi tidak kurang daripada empat kali setahun.
(2) Pengerusi hendaklah mempengerusikan semua mesyuarat Lembaga dan semasa ketiadaannya, pengarah yang hadir hendaklah memilih seorang pengerusi daripada kalangan pengarah dalam perenggan 11(2)(e) dan orang yang dipilih itu hendaklah mempengerusikan mesyuarat itu dan mempunyai segala kuasa Pengerusi.
(3) (Dipotong oleh Akta A1647).
(4) Keputusan Lembaga hendaklah diambil secara majoriti biasa bagi undian pengarah yang hadir dan mengundi.
(5) Dalam hal bilangan undi yang sama banyak, Pengerusi hendaklah mempunyai undi pemutus.
(6) Suatu ketetapan secara bertulis, yang ditandatangani oleh semua pengarah yang pada masa itu berhak untuk menerima notis mengenai suatu mesyuarat pengarah, adalah sah dan berkesan seolah-olah ia telah diluluskan pada suatu mesyuarat pengarah yang sewajarnya diadakan dan dijalankan dan apa-apa ketetapan sedemikian boleh terdiri daripada beberapa dokumen dalam bentuk yang serupa, setiap satunya ditandatangani oleh seorang pengarah atau lebih.
(7) Tiada apa jua dalam seksyen ini boleh menghalang Pengerusi daripada membenarkan seorang pengarah untuk menggunakan video secara langsung, rangkaian televisyen atau kemudahan perhubungan atau multimedia lain yang sesuai untuk mengambil bahagian dalam mana-mana mesyuarat Lembaga jika, sebelum mesyuarat itu, pengarah itu, melalui pemberitahuan kepada Pengerusi, telah memohon kebenaran itu.
Read this section in the full act β Β· Open Chapter 2 β
Find Act 720 on lom.agc.gov.my β
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).
