Section 15 — CENTRAL BANK OF MALAYSIA ACT 2009

(2)

The Governor and Deputy Governors shall be persons of impeccable reputation with proven experience and recognized knowledge in monetary or financial matters.

(3)

The Governor and Deputy Governors shall be appointed on such terms and conditions as provided for in their respective letters of appointment.

(4)

The Governor shall be appointed for a term of five years and the

Deputy Governors shall each be appointed for a term of three years.

(5)

The Governor and Deputy Governors shall be eligible for reappointment.

(6)

The Governor shall manage the Bank and may, unless otherwise provided under this Act or any other written law, exercise all powers and do all acts which may be exercised or done by the Bank under this

Act or any written law.

(7)

During the absence of the Governor or inability of the Governor to act due to any cause, the Deputy Governor designated by the Board,

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on the recommendation of the Board Governance Committee, shall manage the Bank and exercise all powers and do all acts which may be exercised or done by the Governor under subsection (6).

(8)

The Governor and Deputy Governors shall, unless provided otherwise under this Act, devote the whole of their professional time to the service of the Bank and while holding office shall not occupy any other office or employment whether remunerated or not:

Provided that they may if so appointed with the approval of the

Minister—

(a)

become directors, governors or members of a board, by whatever name called, or of a committee or task force of any international financial institution or international organization which the Government or Bank participates in or is a member of or to which the Government has adhered or given support or approval;

(b)

become directors of any corporation which is established by the Bank under this Act or of any corporation in

Malaysia which the Bank has acquired or holds shares in;

(c)

become members of any committee or commission referred to in subsection 70(1); or

(d)

become members of any charitable or educational organisation.

(9)

Notwithstanding subsection (8) or any other provision in this

Act, the Governor or Deputy Governors may be appointed by any written law to exercise such powers, discharge such duties, and perform such functions under any written law, and to be conferred with such title of office as may be set out in such written law.

(10)

The Governor and Deputy Governors shall be accountable to the Board for their acts and decisions.

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(11)

The Governor may resign from office by notice in writing under his hand addressed to the Yang di-Pertuan Agong and in the case of a Deputy Governor by notice in writing under his hand addressed to the Minister.

Appointment of director