Section 4
Constitution of Board
of Brunei Economic Development Board Act
(1)
The Board shall consist of —
(a)
a chairman, who shall be appointed by His Majesty the
Sultan and Yang Di-Pertuan;
(b)
a deputy chairman, who shall be appointed by His Majesty the Sultan and Yang Di-Pertuan;
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(c)
three ex-officio members who shall be the persons for the time being holding the office of the Permanent Secretary of the
Energy and Industry Department in the Office of the Prime Minister, the Chief Executive Officer and a representative of the Ministry of
Finance and Economy, appointed by the Permanent Secretary of the
Ministry of Finance and Economy, the Minister of Finance and
Economy or by His Majesty the Sultan and Yang Di-Pertuan; and
[S 24/2016]
(d)
not less than three and not more than five other members
(hereinafter referred to as appointed members) to be appointed by
His Majesty the Sultan and Yang Di-Pertuan from amongst persons appearing to him to be qualified as having wide experience of and shown capacity in matters relating to banking, manufacturing, housing, commerce, finance or administration, or to be otherwise suitable for appointment by virtue of their special knowledge and experience.
(2)
Subject to the provision of subsections (3) and (4), the chairman shall hold office for a term of 3 years from the date of his appointment.
(3)
His Majesty the Sultan and Yang Di-Pertuan may at his pleasure revoke the appointment of a chairman without assigning any reason therefor.
(4)
The chairman may resign his office by notice in writing to
His Majesty the Sultan and Yang Di-Pertuan.
(5)
Subject to the provisions of this Act, every appointed member shall hold office for a term of 2 years from the date of his appointment unless his appointment is sooner resigned or revoked.
(6)
Any appointed member may be re-appointed upon the expiry of his term of office.
(7)
Any appointed member may resign his office by notice in writing under his hand to the chairman.
(8)
His Majesty the Sultan and Yang Di-Pertuan may appoint any member to be temporary chairman of the Board during temporary incapacity through illness or during the temporary absence from Brunei Darussalam, of the chairman of the Board.
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(9)
His Majesty the Sultan and Yang Di-Pertuan may at any time revoke the appointment of any appointed member if he thinks it expedient to do so without assigning any reason therefor.
(10)
If any appointed member is temporarily absent from
Brunei Darussalam or temporarily incapacitated through illness or any other cause from performing his duties as a member, another person may be appointed in his place by His Majesty the Sultan and Yang Di-Pertuan but shall hold office only during such period of absence or incapacity of such member.