Employees Provident Fund Act 1991 · Updated to 1 Oct 2025 · Part II · The Board and the Investment Panel
4. Membership of the Board
Feedback & supportThe Board shall consist of—
Board
“Board” means the Employees Provident Fund Board established under section 3;
a Chairman;
18 Laws of Malaysia
a Deputy Chairman to be appointed from amongst the persons referred to in subparagraph (d)(i);
the chief executive officer, who shall be an ex officio member; and
not more than twenty other members of whom—
not more than five shall be persons who are holding office of emolument under the
Government of Malaysia or of a State;
not more than five shall be employers contributing to the Fund and not being persons holding office of emolument under the
Government of Malaysia or of a State or employed by any statutory or local authority;
not more than five shall be employees contributing to the Fund; and
not more than five shall be persons who shall have knowledge or experience in finance, business, economy, social security or other relevant knowledge or experience.
Where the Chairman is not a representative of the Ministry of
Finance, the Minister shall appoint a representative of the Ministry of
Minister
“Minister” means the Minister charged with responsibility for matters relating to the Employees Provident Fund Board;
Finance to be a member of the Board under subparagraph (1)(d)(i) who shall also be appointed the Deputy Chairman.
Members of the Board shall be appointed by the Minister and, subject to sections 6 and 7 shall, unless they sooner resign or their appointment is sooner revoked, hold office for such term as the
Minister may determine.
Members of the Board shall not be entitled to any remuneration but may be paid such honorarium and travelling and subsistence allowances as the Minister may determine.
Employees Provident Fund 19