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Resignation, removal or disqualification of chief executive officer
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57. (1) The chief executive officer may resign from office by giving notice in writing to the Board (M) of his or her resignation.
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(2) The Board (M) may, at any time and with the prior approval of the Minister, remove the chief executive officer from office if, in the opinion of the Board (M) —
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(a) the chief executive officer has become incapable through ill-health of performing his or her functions,
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(b) the chief executive officer has committed stated misbehaviour, or
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(c) the removal of the chief executive officer is necessary for the effective and efficient performance by the MARA of its functions.
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(3) If the chief executive officer is removed from office in accordance with subsection (2), the Board (M) shall provide the chief executive officer with a statement in writing of the reasons for the removal.
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(4) The chief executive officer shall cease to be qualified for office and shall cease to hold office if he or she—
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(a) is sentenced by a court of competent jurisdiction to a term of imprisonment,
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(b) is convicted of any indictable offence,
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(c) is convicted of an offence involving fraud or dishonesty, whether in connection with a company or not, or
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(d) is, or is deemed to be, the subject of an order under section 160 of the Act of 1990 or a disqualification order within the meaning of Chapter 4 of Part 14 of the Act of 2014.
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