Deposit Protection Act · s 15

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s 15Appointment, functions and accountability

(1)

The Chief Executive Officer shall be appointed by His Majesty the Sultan and Yang Di-Pertuan.

(2)

His Majesty the Sultan and Yang Di-Pertuan may, as

His Majesty the Sultan and Yang Di-Pertuan deems necessary appoint the

Chief Executive Officer to be a member of the Board.

(3)

The Chief Executive Officer shall be responsible for the day-to-day administration of the business and affairs of the Corporation.

(4)

The Chief Executive Officer shall be answerable and accountable to the Board for the exercise of his powers and the performance of his duties.

(5)

In the absence or incapacity of the Chief Executive Officer, the

Board may authorise a director of the Corporation to perform the duties, functions and responsibilities of the Chief Executive Officer.