COMPANIES ACT - 1963 (ACT 179)

    Section - 138 - Delegation to Committees and Managing Directors

    Unless otherwise provided in the Regulations, the board of directors,

    (a) may exercise their powers through committees consisting of such member or members of their body as they think fit, and

    (b) may from time to time appoint one or more of their body to the office of managing director and may delegate all or any of their powers to such managing director.