Section 4

The Perbadanan shall consist of the following members appointed by the Yang di-Pertuan Agong:

a Chairman;

a Deputy Chairman;

two members who shall be public officers; and

three other members drawn from among persons who in the opinion of the Yang di-Pertuan Agong have experience or knowledge in commerce, finance or industry and have shown capacity to assist the Perbadanan in implementing its programmes to foster national unity.

Subject to the provisions of this Act, the Chairman and Deputy Chairman shall be fulltime officers of the Perbadanan and shall each be appointed upon such terms and conditions as the Yang di-Pertuan Agong may determine.

A member, other than the Chairman and Deputy Chairman, shall, unless his appointment is sooner resigned or revoked, hold office for such term not exceeding three years and subject to such conditions as the Yang-di-Pertuan Agong may specify in the instrument appointing him, and shall be eligible for re-appointment.

A member may at any time resign his office by letter addressed to the Yang di Pertuan Agong Minater.

A member, other than the Chairman and Deputy Chairman, shall devote such time to the business of the Perbadanan as may be necessary to the discharge of his duties.

The appointment of any member may at any time be revoked by the Yang di Pertuan Agong without assigning any reason therefor.