Bank Simpanan Nasional Act 1974 · s 9

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

9.
Appointment and duties of Chief Executive
(1)  The Minister shall, after consulting the Chairman of the Board, appoint a Chief Executive on such terms and conditions as the Minister may think fit.
(2) The Chief Executive—
(a)  (Deleted by Act A1389);
(b)  shall be responsible to the Board for the proper administration and management of the Bank in accordance with the policy laid down by the Board;
(c)  may, subject to the provisions of this Act, give decisions and exercise all powers, and do all acts which may be exercised or done by the Bank; and
(d)  shall be answerable to the Board for his acts and decisions.
(3)  The Chief Executive shall devote the whole of his professional time to the service of the Bank:

Provided that he may, if so appointed and with the approval of the
Minister, become—
(a)  a director, governor or member of the board (by whatever name called) of any international savings bank or similar institution of international character;
(b)  a director of any corporation or institution in Malaysia in which the Bank may have an interest; or
(c)  a director or member of the board of management (by whatever name called) of any public authority or body.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 9Appointment and duties of Chief Executive

(1)

The Minister shall, after consulting the Chairman of the Board, appoint a Chief Executive on such terms and conditions as the Minister may think fit.

(2)

The Chief Executive—

(a)

(Deleted by Act A1389);

(b)

shall be responsible to the Board for the proper administration and management of the Bank in accordance with the policy laid down by the Board;

(c)

may, subject to the provisions of this Act, give decisions and exercise all powers, and do all acts which may be exercised or done by the Bank; and

(d)

shall be answerable to the Board for his acts and decisions.

(3)

The Chief Executive shall devote the whole of his professional time to the service of the Bank:

Provided that he may, if so appointed and with the approval of the

Minister, become—

(a)

a director, governor or member of the board (by whatever name called) of any international savings bank or similar institution of international character;

(b)

a director of any corporation or institution in Malaysia in which the Bank may have an interest; or

(c)

a director or member of the board of management (by whatever name called) of any public authority or body.