Malaysia legislation
Section 16
Section 16
(1)
No officer or servant shall be eligible for appointment as an officer or servant of the Corporation who has, directly or indirectly, by himself or his partner, any share or interest in any contract with, for or on behalf of the Corporation.
(2)
An officer or servant of the Corporation who has or acquires such share or interest shall be liable in the discretion of the Corporation to summary dismissal without notice.
FOR REFERENCE ONLY AS AT JANUARY 2019 12
(3)
If an officer or servant of the Corporation, at the time of his appointment as officer or servant of the Corporation, already had in his possession or control any share or interest relating to any property which is included, subsequent to his appointment as an officer or servant of the Corporation, in any contract or any proposed contract with, for or on behalf of the Corporation, he shall disclose such share or interest in writing to the
Corporation.
Establishment of divisions.