Airport and Aviation Services (Operating Company) Act 1991 · Updated to 1 Dec 2011 · Part II · Vesting of Property, Etc., in Operating Company
6. Appointment of Government representatives on the board of the operating company
Feedback & supportThe Minister of Finance may, from time to time, for so long as the Government of Malaysia holds not less than five per cent of the entire issued securities in the operating company, after consultation
Minister
“Minister” means the Minister for the time being charged with the responsibility for civil aviation;
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with the Minister, nominate such number of persons as may be appropriate to be directors on the board of the company.
The operating company shall cause every person nominated by the Minister of Finance under subsection (1) to be appointed to the board of the company.
operating company
“operating company” means the company nominated and licensed under subsection 24A(1) of the Civil Aviation Act 1969;
Any person appointed to the board of the operating company under subsection (2) may, at any time, be removed by the Minister of
Finance, after consultation with the Minister, by giving written notice to such person and the company.
For the purpose of determining the number of persons to be appointed as directors of the operating company under subsection (1), the Minister of Finance shall have regard to the total number of securities held by the Government of Malaysia and the total number of directors appointed or proposed to be appointed by the company to its board, at the time of such nomination.
Nothing in this section shall be construed so as to affect any power, right or privilege which may be conferred on the Government of Malaysia by the constituent documents of the operating company.