Section 8 — PUBLIC SECTOR HOME FINANCING BOARD ACT 2015

(a)

the Secretary General of Treasury, as Chairman;

(b)

the Attorney General or his representative;

(c)

the Accountant General or his representative;

(d)

the Chief Executive Officer who is an ex-officio member;

(e)

not more than three members from amongst the officers of the federal public service who shall be appointed by the Minister; and

(f)

not less than two but not more than four other members who shall be appointed by the Minister.

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(2)

The members appointed under paragraph (1)(f) shall be fit and proper persons from amongst persons who, in the opinion of the Minister, have standing and experience in banking, or financial or legal matters.

(3)

In determining whether a person is a fit and proper person for the purposes of subsection (2), the Minister shall have regard to—

(a)

the probity, competence and soundness of judgment of the person in fulfilling his responsibilities as a member of the Board; and

(b)

the diligence with which the person is likely to fulfil his responsibilities as a member of the Board.

(4)

Without prejudice to the generality of subsection (2), the Minister shall have regard to the previous business conduct and activities of the person and, in particular, to any evidence that he—

(a)

has been compounded of or charged with, an offence whether convicted or otherwise, which is punishable with—

(i)

imprisonment for six months or more, whether by itself, or in lieu of, or in addition to, a fine;

or

(ii)

a fine of ten thousand ringgit or more;

(b)

has contravened any provision under any written law which, in the opinion of the Minister, is designed for protecting members of the public against financial loss due to dishonesty, incompetence or malpractice or against financial loss due to the conduct of discharged or undischarged bankrupts; or

(c)

has engaged in or has been associated with, any business practice, or otherwise conducted himself in such a way as to cast doubt on his competence and soundness of judgment.

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(5)

The Minister shall appoint a Deputy Chairman of the Board from amongst the members appointed under paragraphs (1)(b), (c) or (e).

Tenure of office