Deposit Protection Act · 2023 Revised Edition · Chapter 3
15. Appointment, functions and accountability
Official textFrom Attorney General's Chambers, unchanged
The Chief Executive Officer shall be appointed by His Majesty the Sultan and Yang Di-Pertuan.
Chief Executive Officer
“Chief Executive Officer” means the Chief Executive of the Corporation;
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.
The Chief Executive Officer shall be responsible for the day-to-day administration of the business and affairs of the Corporation.
Corporation
“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
The Chief Executive Officer shall be answerable and accountable to the Board for the exercise of his powers and the performance of his duties.
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.
Terms defined in s 2
Chief Executive Officer
Defined · s 2“Chief Executive Officer” means the Chief Executive of the Corporation;
Corporation
Defined · s 2“Corporation” means the Brunei Darussalam Deposit Protection Corporation established by section 3;
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