Malaysia legislation
Section 54
of SARAWAK SOVEREIGN WEALTH FUTURE FUND BOARD ORDINANCE, 2022
Section 54
―(1)
No Guardian, Chief Executive Officer, panel, committee, or any officer, employee or agent of the Board appointed under this Ordinance shall be made personally liable for any loss or damage caused by any act or omission in connection with the Fund except to the extent that such loss or damage is caused by or materially contributed to by his reckless or negligent act or omission, or a breach of his duty under this Ordinance or any other written law.
(2)
A Guardian, Chief Executive Officer, panel, committee or any officer, employee or agent of the Board who causes or materially contributes to loss or damage to the Board or the Fund by reason of his reckless or negligent act or omission, or a breach of his duty under this Ordinance or any other written law, commits an offence and shall be liable to compensate the Board or the Fund for such loss and damage.
(3)
Subsection (2) does not derogate from any other rule of law imposing any liability on any member of the Board, panel, committee or any officer, employee or agent of the Board, in relation to his office, his employment, or his duties under this Ordinance.
Public servants