Section 19
of Malaysia Deposit Insurance Corporation Act 2011
ActIn forceProvision 19 of 236
Section 19
(1)
The Chief Executive Officer shall be appointed by the
Minister, on the recommendation of the Board.
Malaysia Deposit Insurance Corporation 41
(2)
The Chief Executive Officer shall be responsible for the day-to-day administration of the business and affairs of the
Corporation.
(3)
The Chief Executive Officer shall be answerable and accountable to the Board for the exercise of his powers and the performance of his duties.
(4)
In the absence or incapacity of the Chief Executive Officer, the
Board may authorize an officer of the Corporation to perform the duties, functions and responsibilities of the Chief Executive Officer.