Pengurusan Danaharta Nasional Berhad Act 1998 · Updated to 1 Feb 2013 · Part II · The Corporation
5. The Board
Official textFrom Laws of Malaysia Online, unchanged
The board of directors of the Corporation, which shall be responsible for the policy and general administration of the affairs and business of the Corporation, shall comprise the following members who, notwithstanding section 128 of the Companies Act 1965, shall be appointed by the Minister:
a non-executive Chairman;
a Managing Director;
two Federal Government officials;
three members from the private sector; and
two members from the international community.
For the purposes of subsection (1), the Minister may appoint such persons as he thinks fit and proper to act and assist the
Minister
“Minister” means the Minister for the time being charged with the responsibility for finance;
Corporation in achieving its objectives.
The Managing Director shall be the chief executive officer of the Corporation and shall be entrusted with the day-to-day administration of the Corporation.
The provisions of the First Schedule shall apply to the Board.
Pengurusan Danaharta Nasional Berhad 15
Terms defined in s 2
business
Defined · s 2“business” means any activity carried on for the purpose of gain and includes all property derived from, or used in or for the purpose Pengurusan Danaharta Nasional Berhad 9 of, carrying on such activity and all rights and liabilities arising from such activity;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for finance;
Part III
Acquisition of Share Capital of the Corporation by the Minister of Finance
Part IV
Guarantee by the Government
Part V
Acquisition and Disposition by the Corporation
Part VI
Management of Assets and Liabilities
Part VII
Additional Rights
Part VIII
Application of Other Acts
Part IX
Application of the Act
Part X