Singapore legislation
Clause 5
Clause 5
Constitution of the Board
(1)
The Board shall consist of —
the Chairman; and
four other members, two of whom shall be appointed by the Minister and two by the Company on such conditions as the Minister may determine.
(2)
The members of the Board appointed by the Minister or the Company, under the provisions of paragraph (b) of subsection (1) of this section shall, unless their appointment is revoked by the Minister or the Company under the provisions of subsection (4) of this section, or unless they resign during their term of office, hold office for a period of three years or such shorter period as the Minister may in any case determine and shall be eligible for re-appointment on completion of that period.
(3)
The Minister may appoint any member of the Board to be Deputy Chairman who may preside at meetings of the Board in the absence of the Chairman.
(4)
The Minister or the Company, in respect of those members of the Board which they may each appoint under the provisions of paragraph (b) of subsection (1) of section 5 of this Ordinance, may —
appoint a person to be a temporary member during the incapacity or otherwise of any one of his or their respective members;
at any time revoke the appointment of any one of his or their respective members;
at any time accept the resignation of any one of his or their respective members; and
on the death, bankruptcy, inability to act, resignation, or revocation of the appointment of any one of his or their respective members, appoint a new member who shall hold office for so long as his or their respective member in whose place he is appointed would have held office.
(5)
The members of the Board shall be paid out of the funds of the Board such salaries, fees or allowances as the Yang di-Pertuan Negara may determine.