Malaysia legislation
Section 7
Section 7
(a)
the Chairman of the Board;
(b)
any member of the Board; or
(c)
the Chief Executive Officer.
(2)
Any person delegated with such functions and powers shall be bound to observe and have regard to all conditions and restrictions imposed by the Yayasan and all requirements, procedures and matters specified by the Yayasan.
Act 763
(3)
Any function and power delegated under this section shall be performed and exercised in the name and on behalf of the
Yayasan.
(4)
The delegation under this section shall not preclude the
Yayasan itself from performing or exercising at any time any of the delegated functions and powers.
Power to establish companies, etc.