Malaysia legislation
Section 15
of Statutory Bodies (Financial and Accounting Procedure) Ordinance, 1995
Section 15
General fiduciary duties
(2)
Sections 131, 132(1), 132E and 133(1) of the Companies
Act 1965 [Act 125] shall apply to all members of a statutory body in the same way and to the same extent as they apply to a Director of a company.
Prohibition against members, etc., holding shares