Section 9Sec./Art. 9

Section 16 of Republic Act No. 9490 is hereby amended to read as follows:

"Section 16. Powers and Duties of the Chairman and the President and CEO of the APECO. - The Chairman shall have the following powers and duties:

"(a) To exercise supervision over the affairs of the APECO Board;

"(b) To preside over all the meetings of the Board;

"(c) To spearhead the formulation of policies and procedures for the Board and the APECO with the concurrence of the majority of its members;

"(d) To direct the affairs of the APECO in accordance with the policies of the Board through its President and CEO;

"(e) To ensure that the goals and objectives set forth by the Board are achieved and its policies implemented; and

"(f) To lead the Board in carrying out the powers and functions of the APECO as enumerated in Section 12 (a) to (v) of this Act.

"The President and CEO shall, among other powers and duties, execute, carry out and administer the policies, measures, orders and resolutions approved by the Board; direct and supervise the day to day operation and administration of the Aurora Ecozone; and exercise such other powers and perform such other functions or duties as may be directed to or assigned to him by law or by the Board from time to time. Particularly, he shall have the following powers and duties:

"(a) To be the Vice Chairman of the Board and shall assist the Chairman and act in his stead in case of absence or incapacity: Provided, however, That in case both are absent, the Board of Directors shall designate a temporary Chairman from among its members;

"(b) To sign and execute all contracts concluded by the APECO and enter into all necessary obligations required or permitted by the charter upon proper authorization by the Board; and sign all major documents, notes and checks for the Aurora Ecozone;

"(c) To exercise full discretion in the management of the affairs of the APECO in accordance with law and in accordance with the provisions of this Act and be accountable to the Board for all his acts;

"(d) To establish the internal organization of the APECO under such conditions that the Board may prescribe;

"(e) To submit an annual budget and necessary supplemental budget to the Board for its approval;

"(f) To submit within thirty (30) days after the close of each fiscal year an annual report to the Board and such other reports as may be required;

"(g) To submit to the Board for its approval policies, systems, procedures, rules and regulations that are essential to the operation of the Aurora Ecozone;

"(h) To create a mechanism in coordination with relevant agencies for the promotion of industrial peace, the protection of the environment, and the advancement of the quality of life in the Aurora Ecozone; and

"(i) To perform such other duties as may be assigned to him by the Board or which are necessary or incidental to his office."