Central Bank of Malaysia Act 2009 · Updated to 1 Nov 2020 · Part IV · Governance of the Bank
19. Meetings of Board
Feedback & supportThe Governor shall be the chairman of the Board and in his absence, the directors present shall elect a chairman among the directors appointed under subsection 16(1) and the person so elected shall preside and have all the powers of the chairman.
The Board may meet as often as necessary but not less than once in each month.
The chairman or any other director may, at any time, call a meeting of the Board.
director
“director” means a director of the Bank appointed under subsection 16(1), and includes the Governor and the Deputy Governors;
The person calling a meeting shall ensure that—
each director is given at least three days’ notice of the meeting; or
if the meeting is to be convened as a matter of urgency, the directors agree to waive the requirement under paragraph
.
At any meeting of the Board, the quorum shall be five directors, the majority of whom shall be directors appointed under subsection 16(1) and decisions shall be adopted by a simple majority of the votes of the directors present and voting:
30 Laws of Malaysia ACT 701
Provided that in the case of an equality of votes, the chairman shall have a casting vote.
The chairman of the Board may authorize a director to use live video, television links or other appropriate communication or multimedia facilities to participate in any meeting of the Board where, prior to the meeting, the director, by notification to the chairman, has requested for such authorization and the director shall be treated as being present for the meeting.
A resolution in writing, signed by all of the directors, shall be as valid and effectual as if it had been passed at a meeting of the Board duly convened and held and any such resolution may consist of several documents in like form, each signed by one or more directors.