Section 9
Disqualification of directors etc. [S 18/2022]
of Perbadanan Tabung Amanah Islam Brunei Act
(1)
His Majesty the Sultan and Yang Di-Pertuan may terminate the appointment of any director or the Managing Director at any time without furnishing any reason for such termination.
(2)
Any director or the Managing Director whose appointment has been terminated under subsection (1) shall not be entitled, unless
His Majesty the Sultan and Yang Di-Pertuan otherwise decides, to any damages or other compensation and there shall be no claim, appeal or judicial review in any court against such termination.
Vacancies in office of director 10.
If any director dies or resigns or otherwise vacates his office before the expiry of the term for which he has been appointed, another person may be appointed by His Majesty the Sultan and Yang Di-Pertuan on the recommendation of the Minister responsible for finance for the unexpired period of the term of office of the director in whose place he is appointed.
Meeting and decision of Board 11.
(1)
The Chairman of the Board shall summon meetings as often as may be required but not less frequently than once in 3 months.
(2)
At every meeting of the Board, a quorum shall consist of three directors, and decisions shall be adopted by a simple majority of the votes of the directors present and voting, except that in the case of an equality of votes, the Chairman shall have a casting vote.
Disclosure by director of interest of transaction with Perbadanan TAIB and disqualification of director from voting [S 18/2022]