Deposit Protection Act · s 7

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s 7Duties and composition

(1)

There shall be a Board of Directors of the Corporation who shall be responsible for the conduct of the business and affairs of the Corporation and shall exercise all powers and do all acts which may be exercised or done by the Corporation.

(2)

The Board shall consist of —

(a)

a Chairman, who shall be appointed by His Majesty the

Sultan and Yang Di-Pertuan;

(b)

four other directors appointed by His Majesty the Sultan and Yang Di-Pertuan, of whom at least two shall have relevant banking and finance or private sector experience.