Section 9B

The Board may, in its discretion, appoint from among its members or other persons who are not members of the Board such number of committees consisting of members or other persons or members and other persons for the purposes which, in the opinion of the Board, would be better regulated and managed by means of those committees.

The Board may, subject to such conditions or restrictions as it thinks fit, delegate to such committee or the chairman or the Chief Executive

Officer or any government agency all or any of the powers, functions and duties by this Act vested in the Board; and any power, function or duty so delegated may be exercised or performed by such committee or the chairman or the Chief Executive Officer or government agency, as the case may be, in the name of the Board.

The Board may, subject to such conditions or restrictions as it thinks fit, delegate to any employee thereof all or any of the Board’s functions and duties by this Act vested in the Board, except the power to borrow money or to raise loans or grant loans or advances to or subscribe to or underwrite issue of stocks, shares, bonds or debentures of business enterprises; and any power, function or duty so delegated may be exercised or performed by such employee in the name of the Board.

Brunei Economic Development Board 14

The Board may continue to exercise any power conferred upon it, or perform any function or duty under this Act, notwithstanding the delegation of such power, function or duty under this section.

Appointment of member to act on behalf of chairman outside