Republic Acts1 min read
Section 28Sec./Art. 28
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Powers and Functions of the Advisory Body. - The Advisory Body shall exercise the following powers and functions:
(a) Advise and assist the Board of Directors in the formulation of the general policies related to investment and risk management, and other matters as may be necessary to carry out the provisions and purposes of this Act;
(b) Advise and provide guidance on issues pertaining or related to the plans and projects of the MIC;
(c) Recommend Regular and Independent Director candidates who shall be appointed by the President of the Philippines pursuant to Section 20 of this Act; and
(d) Perform other functions, duties and responsibilities necessary to effectively carry out its mandate.
Except as otherwise provided under this Act, the Advisory Body shall not take part in the management of the MIC.
ARTICLE VI
APPLICABILITY
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