Malaysia legislation
Section 12
Section 12
(2)
All meetings of the Board shall be presided by the Chairman or, in the absence of the Chairman, the Deputy Chairman.
Act 767
(3)
The quorum of the meeting of the Board shall be five and shall consist of at least—
(a)
two members of the Board appointed under paragraphs 8(1)(b), (c) or (e), not including the Deputy
Chairman if the meeting is presided by the Deputy
Chairman; and
(b)
one member of the Board appointed under paragraph 8(1)(f).
(4)
The decisions of the Board shall be adopted by a simple majority of votes of the members present and voting, and in the case of an equality of votes, the Chairman shall have a casting vote in addition to his deliberative vote.
(5)
Any minutes of meetings of the Board shall, if duly signed by the Chairman, be admissible as evidence of the facts stated therein in any legal proceedings and every meeting in respect of which minutes have been so made shall be deemed to have been duly convened and held and all members thereat to have been duly qualified to act.
(6)
The Board shall cause minutes of all its meetings to be maintained and kept in a proper form.
(7)
A resolution is taken to have been passed—
(a)
at a meeting of the Board, if all members of the Board have been informed of the proposed resolution, or reasonable efforts have been made to inform all members of the
Board of the proposed resolution; or
(b)
without meeting, if all members of the Board indicate agreement with the resolution in accordance with the method determined by the Board.
(8)
Subsection (7) applies only if the Board—
(a)
decides that the subsection applies; and
(b)
decides the method by which members of the Board are to indicate agreement with the resolution.
(9)
The Board may determine its own procedure.
Public Sector Home Financing Board 17
Committees