Section 21
of Sarawak Sovereign Wealth Future Fund Board Ordinance, 2022
Section 21
Sections 16 to 20 have effect in addition to, and not in derogation of, any other rule of law imposing any duty or liability on a person in relation to his office as a Guardian.
Insurance for certain liabilities 22.―(1)
Except as provided in subsection (2), the Board may insure any person who is or has been a Guardian against liabilities incurred by him as a Guardian.
(2)
The Board shall not effect any contract of insurance or pay or agree to pay, directly or indirectly, a premium on any contract of insurance to insure any person who is or has been a Guardian against any liability arising out of:-
(a)
conduct involving a wilful breach of duty in relation to the Board; or
(b)
a contravention of section 19 or 20.
Duty to disclose material personal interest