Darussalam Enterprise Act · s 5

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s 5Board of Directors

(1)

There shall be a Board of Directors of the Darussalam Enterprise which shall be the executive body of the Darussalam Enterprise which may exercise all the powers conferred on the Darussalam Enterprise under this

Act and shall be responsible for the formulation of the policies of the

Darussalam Enterprise, the supervision of the implementation and the general administration of the affairs and business of the Darussalam

Enterprise and all matters to which this Act relates.

(2)

The Board shall consist of a Chairman, a Deputy Chairman and not less than five other members as His Majesty the Sultan and Yang

Di-Pertuan may appoint.

(3)

The members shall be appointed from amongst persons with extensive professional experience in the field of, but not limited to, economics, law, finance, agriculture, fisheries or banking, from both public service and private sector.

(4)

Schedule 1 shall have effect with respect to the Board, its members and proceedings.