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In forceUpdated to 1 Mar 2016Read it in Bahasa Malaysia
Contents

Part II · Securities Commission Malaysia

5. Disqualification of Board members

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(1)

No person shall be appointed to be or remain as a member of the Board if he—

(a)

is or becomes a full-time officer in any public listed company;

26 Laws of Malaysia ACT 498

(b)

is or becomes an officer or a director of an entity that is licensed, registered, recognized or approved under the securities laws;

(c)

is or becomes a member of the Senate or House of

Representatives or any Legislative Assembly;

(d)

is convicted of a criminal offence involving fraud, dishonesty, corruption or violence;

(e)

is or becomes a bankrupt or suspends payment or compounds with his creditors; or

(f)

is or becomes involved in any activity which may interfere with his independence in discharging his functions.

(2)

The prohibition in paragraph (1)(a) shall not apply to a member of the Board who is from the Ministry that is charged with the responsibility for finance.

Report

Read on from s 6

Part III

Finance

Read on from Part III

Part IIIC

Shariah Advisory Council

Part IV

Issues or Securites and Take-Overs and Mergers

Part V

Enforcement and Investigation

Read on from Part V

Part VI

General

Read on from Part VI

Part VII

Repeal and Transitional Provisions

Read on from Part VII

Schedules