Malaysia legislation
Section 18
Section 18
Establishment and membership of the Investment Panel
(a)
the Chairman, or any other person to be appointed by the
Minister, who shall be the Chairman of the Investment
Panel;
(b)
the Deputy Chairman who shall be a representative of the Ministry of Finance;
(c)
(Deleted by Act A1611);
(d)
the chief executive officer, who shall be an ex officio member; and
(e)
four other persons who shall have knowledge or experience in finance, business, economy or other relevant knowledge or experience, to be appointed by the Minister.
(2)
The Investment Panel shall be subject to such directions issued by the Board and approved by the Minister, from time to time.
Employees Provident Fund 23
(3)
Members of the Investment Panel shall not be entitled to any remuneration but may be paid such honorarium and travelling and subsistence allowances as the Board may, with the approval of the
Minister, determine.
Vacation of office