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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 1031 -
REORGANIZING THE PHIVIDEC INDUSTRIAL AUTHORITY
WHEREAS, the PHIVIDEC Industrial
Authority (PIA) was established to plan, coordinate and undertake the
construction of well-planned industrial areas with appropriate
infrastructure facilities, which will encourage and facilitate the
establishment of industries to promote, contribute and sustain the
economic and social growth of the country;
WHEREAS, to enable the PIA to effectively discharge its functions and
attain its purposes and objectives, there is a need to strengthen and
upgrade the corporate structure and management of the PIA by making its
Board of Directors separate and distinct from that of the PHIVIDEC;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution and by law,
particularly Presidential Decree No. 1416, as amended, do hereby order
the reorganization of the PHIVIDEC Industrial Authority, as follows:
Section 1.
“SEC.
6.
“The President of the
Philippines shall designate the Chairman of the Board from among the
appointive members. In case of absence or temporary incapacity of the
Chairman, the Vice-Chairman shall act as Chairman. In case of absence
or temporary incapacity of both the Chairman and the Vice-Chairman, the
Board, by a majority vote, shall designate an acting Chairman from
among its members.
“The chief executive officer of
the Authority and ex-officio Vice-Chairman of the Board shall be the
Administrator appointed by the President of the Philippines from among
the members of the Board. The Board shall determine the other
executives and officers of the Authority.
“The Board shall meet regularly
at least once a month, and as often as the exigencies demand. The
presence of at least five (5) members shall constitute a quorum, and
the majority vote of the members present, there being a quorum, shall
be necessary for the adoption of any resolution, decision, rule,
regulation, or any other act of the Board.
“For every meeting actually
attended, each member of the Board shall receive a per diem of P300.00,
unless the Board shall fix a higher amount therefor.”
Sec. 2.
Sec. 3.
Sec. 4.
DONE in the City of Manila this
11th day of June in the year of Our Lord, nineteen hundred and
eighty-five.
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