Malaysia legislation

Section 5

of Sabah Foundation Enactment 1966

Section 5

(1)

For the purpose of managing the Foundation and administering and controlling the Fund, there shall be established a Board of Trustees, to be called the Board of Trustees of the Sabah Foundation and which shall consist of: -

(a)

a Chairman; and

(b)

eight members, who shall be appointed by the Yang di-Pertua Negeri.

(2)

No salary, fee, honorarium or commission shall be paid to any member of the

Board, but the Board may reimburse members thereof in respect of any out-of-pocket expenses necessarily incurred by them in and about the business of the Board:

Provided that if the Director has also been appointed as a Trustee under section 5(1) of the Enactment, he shall not be debarred by the provision of this sub-section from receiving a salary, fee, honorarium or commission for services rendered in his capacity as Director.

Incorporation of the Board and use of seal.