Bank Simpanan Nasional Act 1974 · Updated to 1 Dec 2011 · Part III · Constitution of the Bank
9. Appointment and duties of Chief Executive
Official textFrom Laws of Malaysia Online, unchanged
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.
The Chief Executive—
Chief Executive
“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
(Deleted by Act A1389);
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;
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
shall be answerable to the Board for his acts and decisions.
The Chief Executive shall devote the whole of his professional time to the service of the Bank:
Bank
“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Provided that he may, if so appointed and with the approval of the
Minister, become—
a director, governor or member of the board (by whatever name called) of any international savings bank or similar institution of international character;
a director of any corporation or institution in Malaysia in which the Bank may have an interest; or
a director or member of the board of management (by whatever name called) of any public authority or body.
Terms defined in s 2
Bank
Defined · s 2“Bank” means the Bank Simpanan Nasional established under section 3; ______________________________________________________________ *NOTE—This Act will be repealed by Bank Simpanan Nasional Berhad Act 1997 when…
Chief Executive
Defined · s 2“Chief Executive” means the Chief Executive appointed under section 9 and includes any person appointed to act as the Chief Executive;
director
Defined · s 2“director” means a member of the Board appointed under section 6 and includes the Chairman and alternate director;
interest
Defined · s 2“interest” includes bonus and such other pecuniary benefits (by whatever name called) payable on deposits and other accounts with the Bank;
Part IV
Officers and Employees of the Bank
Part V
Provisions Relating to the Carrying on of Business of the Bank
Part VI
Financial Provisions
Part VII
General
Part VIII