Section 2

8 Laws of Malaysia ACT 202

“Bank” means the co-operative society known as the Bank

Kerjasama Rakyat Malaysia Berhad;

“Board” means the Board of Directors of the Bank established under section 4 and constituted in accordance with paragraph 1 of the

First Schedule;

“Chairman” means the Chairman of the Bank appointed under subparagraph 1(2) of the First Schedule;

“Commission” means the Malaysia Co-operative Societies

Commission established under the Malaysia Co-operative Societies

Commission Act 2007 [Act 665];

“director” means a member of the Board and includes the

Chairman and the Managing Director;

“General Manager” means any General Manager of the Bank appointed under subparagraph 3(1) of the First Schedule;

“Managing Director” means the Managing Director of the Bank appointed under subparagraph 3(1) of the First Schedule;

“Minister” means the Minister charged with the responsibility for co-operative development;

“previous Board” means the Board of Directors of the Bank constituted under the Co-operative Societies Act 1993 and the by-laws of the Bank;

“previous director” means a person who was a member of the

Board of Directors of the Bank at any time before the commencement of this Act;

“Secretary” means the Secretary of the Bank appointed under paragraph 4 of the First Schedule;

“subsidiary” means a company as defined in the Companies Act 1965 [Act 125], in which the Bank controls the composition of the

Board of Directors or more than half of the voting power, or holds

Bank Kerjasama Rakyat Malaysia Berhad (Special Provision) 9

more than half of the issued share capital, and includes a subsidiary, as defined in the said Act, of such a company.