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Powers and Duties of the Chairman. The Chairman shall have the following powers and duties:
(1) To preside over the meetings of the Board;
(2) To render annual reports to the President and such special reports as may be requested;
(3) To act as liaison between investors seeking joint venture arrangements in particular areas of investments;
(4) Recommend to the Board such policies and measures he may deem necessary to carry out the objectives of this Code; and
(5) Generally, to exercise such other powers and perform such other duties as may be directed by the Board of Governors from time to time.
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