Malaysia legislation
Section 7
Section 7
(2)
The Investment Panel shall consist of the following members who shall be appointed by the Minister:
(a)
Chairman who shall be the Chairman of the Board or such other person as may be appointed by the Minister;
(b)
(Delected by A1496);
(c)
a representative from the Ministry of Finance;
(d)
the Chief Executive Officer who shall be the secretary;
and
12 Laws of Malaysia Act 662
(e)
four persons from the public or private sector with experience and expertise in business, investment, banking or finance.
(3)
The Investment Panel may, with the prior approval of the
Minister, delegate to its Chairman any of the powers set out in subsection 14(1), for the purposes of carrying out its functions in cases of emergency, as may be determined by the Board. The
Chairman shall exercise such powers in accordance with the directions of the Investment Panel.
(4)
The Investment Panel shall be subject to such directions as to general policy that may be issued by the Board and approved by the
Minister from time to time.
(5)
The Investment Panel shall report its activities to the Board in such form and manner as the Board may determine.
(6)
The provisions of the Second Schedule shall apply to members of the Investment Panel.
Committees