Republic Acts1 min read
Section 5Sec./Art. 5
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The first paragraph of Section 4 of the same Act, as renumbered, is hereby amended to read as follows:
PRESIDENT OF THE CORPORATION
COMPENSATION, POWERS AND DUTIES
SEC. 4. The President of the Corporation shall be its Chief Executive Officer and the Vice Chairman of its Board of Directors and his or her salary shall be fixed by the President of the Philippines upon the recommendation of the Governance Commission for Government-Owned or -Controlled Corporations, at a sum commensurate to the importance and responsibility attached to the position. The sum total of the salary, allowances, benefits and other emoluments of the President of the Corporation shall be higher than the compensation package of the next highest ranking executive of the Corporation.
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