Section 7
Appointment of Government representative on the Board
of Bank Pertanian Malaysia Berhad Act 2008
The Minister may, from time to time, for so long as the
Government holds not less than five per cent of the entire issued securities in the Bank, after consultation with the Minister of
Agriculture and Agro-Based Industry, nominate such number of persons as may be appropriate to be directors on the Board.
(2)
The Bank shall cause every person nominated by the
Minister under subsection (1) to be appointed to the Board.
(3)
Any person appointed to the Board under subsection (2)
may, at any time, be removed by the Minister, after consultation with the Minister of Agriculture and Agro-Based Industry, by giving written notice to such person and the Bank.
(4)
For the purpose of determining the number of persons to be appointed as directors on the Board under subsection (1), the
Minister shall have regard to the total number of securities held by the Government and the total number of directors appointed by the Bank to the Board, at the time of such nomination.
Act 684
(5)
Nothing in this section shall be construed so as to affect any power, right or privilege, which may be conferred on the
Government by the constituent documents of the Bank.