17. Board may establish committees

The Board may establish such committees as it considers necessary or expedient to assist it in the performance of its functions under this Act, including a Management Committee for the purpose of managing the Malaysian Rubber Exchange.

The Board may appoint any person to be a member of any committee established under subsection (1) provided that any committee so established shall include at least one member of the Board.

A committee established under this section may elect any of its members to be chairman and may regulate its own procedure and, in the exercise of its powers under this subsection, such committee shall be subject to and act in accordance with any direction given to the committee by the Board.

Meetings of a committee established under this section shall be held at such times and places as the chairman of the committee may, subject to subsection (3), determine.

A committee may invite any person, for the purpose of advising it on any matter under discussion, to attend any meeting of the committee but the person so invited shall not be entitled to vote at any such meeting.

Members of a committee or any person invited to attend any meeting of a committee may be paid such allowances and other expenses as the Board may determine.

A member of a committee shall hold office for such term as may be specified in his instrument of appointment and is eligible for reappointment.

The appointment of any member of a committee may at any time be revoked by the Board without assigning any reason therefore.

A member of a committee may at any time resign his office by a written notice addressed to the Chairman of the