Section 13
Term of office of directors
of Malaysia Deposit Insurance Corporation Act 2011
The directors appointed by the
Minister under subsection 11(2) shall hold office for terms not exceeding three years and shall be eligible for reappointment.
(2)
The Governor and the Secretary General of the Treasury shall be directors for the duration of their tenures as the Governor and the
Secretary General of the Treasury, respectively.
(3)
An alternate director assigned in subsection 11(2B) by a director referred to in paragraph 11(2)(b) or (c) (referred to in this subsection as “principal director”) shall, unless the assignment is sooner revoked in writing or the position is no longer in existence, cease to be an alternate director when the principal director ceases to be a member of the Board.