Malaysia legislation

Section 14

of Statutory Bodies Supplementary Provisions Enactment 1997

Section 14

(1)

A member of a statutory body shall at all times act honestly and use reasonable diligence in the discharge of the duties of his office.

(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.

Read in full context — Statutory Bodies Supplementary Provisions Enactment 1997 →