Malaysia legislation

Section 4

of *FINANCIAL REPORTING ACT 1997

Section 4

Functions of the Foundation

(a)

to oversee the carrying out of the functions of the Board under section 7; and

(b)

to perform any other function as the Minister may prescribe by order published in the Gazette.

(2)

Without limiting the generality of functions of the Foundation in subsection (1), the Foundation shall be responsible —

(a)

to provide its views to the Board on any matter which the

Board seeks to undertake or implement in relation to the

Board’s functions under section 7;

(b)

to review the performance of the Board; and

(c)

for all financing arrangements for the operations of the

Board, including approving the budget of the Board.

(3)

The Foundation shall not, by virtue of or in connection with any of its power under subsections (1) and (2), direct the Board to undertake or omit to undertake any particular project or activity or otherwise affect the exercise of the Board’s power or the performance of the Board’s functions under this Act.

Members of the Foundation