Section 12
Duties and powers of Board
of National Trust Fund Act 2026
The Board shall have the following duties and powers:
(a)
to be responsible for the administration and management of the National Trust Fund (Incorporated) and investment of the Fund;
(b)
to invest moneys in the Fund to maximise long-term risk-adjusted returns on a prudent and commercial basis and in a manner not adverse to the global reputation of
Malaysia;
(c)
to formulate and submit a Strategic Asset Allocation to the Minister for approval;
(d)
to formulate investment policies including the benchmarks and standards to assess performance and risk management of investments, and to monitor compliance of such policies; and
(e)
to carry out all such activities and do all such things as are necessary or advantageous and proper for the administration of this Act, or for such other purpose consistent with this Act as may be directed by the
Minister.
National Trust Fund 13
(2)
The Board may, in writing, delegate its powers which relate to the administration and management of the National Trust Fund
(Incorporated) to any person approved by the Minister.
(3)
A delegation of powers under subsection (2) shall not preclude the Board itself from exercising at any time any of the powers so delegated.
(4)
The Board may—
(a)
appoint attorneys or agents and technical advisers including actuaries, advocates and solicitors, bankers, stockbrokers or such other experts or professionals to transact any business or to do any act required to be transacted or done in the performance of its duties and exercise of its powers or for the better carrying into effect the provisions of this Act; and
(b)
pay from the Fund all charges and expenses so incurred.
(5)
The Board may establish such committees as it considers necessary or expedient to assist it in the performance of its duties and exercise of its powers under this Act.
(6)
The Board shall, at all times, perform its duties and exercise its powers in good faith in the best interests of the Fund.
(7)
The Board may issue any guidelines which are not inconsistent with the provisions of this Act for carrying out its duties and powers or for giving full effect to any provision of this Act.