Section 21
of Malaysia Deposit Insurance Corporation Act 2011
Section 21
The Corporation may appoint such officers and employees as are necessary to carry on the business and affairs of the Corporation and such officers and employees shall hold office for such periods, receive such compensation and any other remuneration, and shall be subject to such terms and conditions of service as may be determined by the Board.
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(2)
An officer or employee of the Corporation shall, at all times, act in good faith and comply with such requirements, standards, duties and code of conduct including surcharge as may be provided in the by-laws made by the Board under paragraph 12(1)(a).
(3)
The Corporation may, with the approval of the Board, establish and maintain a pension or provident fund for its officers and employees out of the monies of the Corporation.