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| REPUBLIC ACT NO. 2254 - AN ACT
PROVIDING THAT THE GENERAL MANAGER, PRESIDENT, GOVERNOR, OR
ADMINISTRATOR OF A GOVERNMENT-OWNED OR CONTROLLED CORPORATION SHALL BE
EX OFFICIO THE VICE-CHAIRMAN OF THE BOARD OF DIRECTORS, BOARD OF
GOVERNORS, OR BOARD OF ADMINISTRATORS THEREOF |
| Section 1. The
general manager, president, governor, or administrator of a
government-owned or controlled corporation shall be ex officio the
vice-chairman of the board of directors, board of governors, or board
of administrators thereof unless its charter specifically provides that
such general manager, president, governor, or administrator shall be
the chairman of such board of directors, board of governors, or board
of administrators, or unless the President of the Philippines shall
have appointed such general manager, president, governor or
administrator as chairman. As such vice-chairman of the board, such
general manager, president, governor, or administrator shall sit,
participate and vote in the meetings of the board. Section 2. Any provision of Executive Order Numbered Three hundred ninety-nine, series of nineteen hundred fifty-one, and of any charter of any government-owned or controlled corporation inconsistent with the provisions of this Act is repealed. Section 3. This Act shall take effect upon its approval. Approved, June 18, 1959. |
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