Section 37
Corporation
of Sarawak Economic Development Corporation, 1958
Notwithstanding anything in any written law, a borrower obtaining a loan from the Corporation under this Ordinance may, with the approval of the Corporation, by instrument in writing create in favour of the Corporation a charge of such movable property belonging to him at the date of the charge as may be specified in the charge, and the First Schedule shall apply to every instrument made pursuant to this section.
PART IIIA
OFFICERS AND SERVANTS
[Added Ord. No. 19/71.]
Chairman to be the principal managing officer 38.⎯(1)
The Chairman shall have overall control and responsibility over the affairs and business of the Corporation and shall be responsible for the preparation of programmes, schemes, or projects for the consideration of the Corporation, for the issue of policy guidance or of elucidation of decisions of the Corporation to the Group Chief Executive Officer for the supervision and control over the implementation of such decisions by the Group Chief
Executive Officer.
[Added Ord. No. 19/71; Am. Cap. A41, Am. Cap. A228.]
(2)
For the purpose of discharging his duties and functions under subsection (1), the Chairman shall—
(a)
have access to all statutory books, records, accounts, reports and other information and date kept by the Corporation;
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(b)
give directions on policies of the Corporation to the
Group Chief Executive Officer or any officer of it;
(c)
require the Group Chief Executive Officer or any officer of the Corporation to submit to him such reports, studies or investigations pertaining to the affairs, business, undertakings, scheme or project carried out by the Corporation or in which the
Corporation has any interest, directly or indirectly; and
(d)
seek such direction as he may consider necessary from the Minister in relation to issue of policies of the State
Government or of the Corporation, or from the State Secretary in regard to the implementation of any decision of the Corporation which requires the co-operation or assistance of or which affects any Department or agency of the State Government.
[Sub. Cap. A41.]
(3)
The Chairman shall perform such other or further duties as the Minister may, from time to time, determine or prescribe.
(4)
If the Chairman is temporarily absent from Sarawak or temporarily incapacitated through illness or for any other sufficient reason from the performance of his duties, the Group Chief Executive
Officer shall perform his duties (in addition to the Group Chief
Executive Officer’s duties) during such temporary absence or other incapacity.
Group Chief Executive Officer to be principal executive officer 39.⎯(1)
The Group Chief Executive Officer shall be appointed by the Corporation with the approval of the Minister and he shall be the principal executive officer of the Corporation and shall be responsible for the execution of all programmes, schemes or projects, for the carrying out of the decisions of the Corporation and the directions of the Chairman, and for the supervision and control of the other officers of the Corporation in the performance of their duties under this Ordinance.
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(2)
[Deleted Cap. A41].
(3)
Subject to the direction of the Chairman, the Group Chief
Executive Officer shall have administrative control of the officers and servants of the Corporation.
(4)
The Group Chief Executive Officer shall perform such other or further duties as the Corporation or the Minister may from time to time determine or prescribe, or as the Chairman may from time to time direct.
(5)
If the Group Chief Executive Officer is temporarily absent from Sarawak or temporarily incapacitated through illness, or any other sufficient reason from the performance of his duties, the
Chairman, with the approval of the Minister, may appoint another officer of the Corporation to perform his duties during such temporary absence or other incapacity.