Perbadanan Tabung Amanah Islam Brunei Act · s 5

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5.
Board of Directors
(1) There shall be a Board of Directors of the Perbadanan TAIB which shall be responsible for the policy and general administration of the affairs and business of the Perbadanan TAIB.
(2) The Board shall consist of —
(a) a Chairman;
(b) a Deputy Chairman; and
(c) such number of other directors, who shall be appointed by His Majesty the Sultan and Yang Di-Pertuan on the recommendation of the Minister responsible for finance.
(3) The Board shall be appointed from among subjects of
His Majesty the Sultan and Yang Di-Pertuan who are Muslims.
(4) If the Chairman is unable to exercise his functions under this Act owing to illness, absence from Brunei Darussalam or for any other cause whatsoever, his functions shall be exercised by the Deputy Chairman.
(5) The directors so appointed shall hold office for a term not exceeding 3 years and shall be eligible for reappointment.
(6) The provisions of subsection (5) do not apply to a director who is appointed as the Managing Director under section 13.
(7) The Board may invite any person as it thinks fit to attend a meeting of the Board for the purpose of giving advice to the Board on any matter.
Powers of Minister in relation to Perbadanan TAIB                    [S 18/2022]

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s 5Board of Directors

(1)

There shall be a Board of Directors of the Perbadanan TAIB which shall be responsible for the policy and general administration of the affairs and business of the Perbadanan TAIB.

(2)

The Board shall consist of —

(a)

a Chairman;

(b)

a Deputy Chairman; and

(c)

such number of other directors, who shall be appointed by His Majesty the Sultan and Yang Di-Pertuan on the recommendation of the Minister responsible for finance.

(3)

The Board shall be appointed from among subjects of

His Majesty the Sultan and Yang Di-Pertuan who are Muslims.

(4)

If the Chairman is unable to exercise his functions under this Act owing to illness, absence from Brunei Darussalam or for any other cause whatsoever, his functions shall be exercised by the Deputy Chairman.

(5)

The directors so appointed shall hold office for a term not exceeding 3 years and shall be eligible for reappointment.

(6)

The provisions of subsection (5) do not apply to a director who is appointed as the Managing Director under section 13.

(7)

The Board may invite any person as it thinks fit to attend a meeting of the Board for the purpose of giving advice to the Board on any matter.

Powers of Minister in relation to Perbadanan TAIB [S 18/2022]