Malaysia legislation
Section 14
Section 14
(a)
a member of the Dewan Negara or Dewan Rakyat or any
Legislative Assembly;
(b)
an officer of a member institution; or
(c)
an office bearer of, or any person who holds any similar office or position in a political party.
(1A)
For the purposes of paragraph (1)(c), “office bearer” means any person who is the president or vice-president, or secretary or treasurer
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of a political party or any branch of such political party, or who is a member of the committee or a member of the governing body of a political party or any branch of such political party or who holds in a political party or any branch of such political party any office or position, by whatever name called, which is analogous to any of those mentioned above or in respect of which the person exercises management or control of the affairs of the political party or any branch of such political party.
(2)
The Minister may terminate or suspend the appointment of any director if—
(a)
he becomes of unsound mind or otherwise becomes incapable of carrying out his duties;
(b)
there has been imposed on the director any form of restriction or supervision by bond or otherwise, under any law relating to prevention of crime, or to preventive detention for prevention of crime or drug trafficking, or to restricted residence, or to banishment or immigration;
(c)
he becomes a bankrupt, suspends payment or compounds with his creditors;
(d)
he has been charged for a criminal offence under any law punishable with imprisonment, whether by itself, or in lieu of, or in addition to, a fine, in any court in or outside
Malaysia;
(e)
he is guilty of serious misconduct in relation to his duties under this Act; or
(f)
he is absent, except on leave granted by the Minister in the case of the Chairman or by the Chairman in the case of any other director, from two of the meetings of the Board in any period of twelve months.
(3)
Notwithstanding subsection (2), any director appointed by the
Minister under subsection 11(2) may at any time resign his office by giving a written notice of not less than thirty days to the Minister.
Malaysia Deposit Insurance Corporation 39
Actions and proceedings of Board not affected by vacancy, etc.