QuestionsQuestions (EXECUTIVE ORDER NO. 93)
The Executive Order abolishes the National Enterprises Council Board and creates the Government Enterprises Council.
It is composed of the President of the Philippines (Chairman), the Secretary of Commerce and Industry (Vice-Chairman), the chairmen of the boards of directors and the managing heads of all government-owned or controlled corporations (ex officio members), and additional members appointed by the President with consent of the Commission on Appointments.
It advises the President in the exercise of supervision and control over government-owned or controlled corporations, and formulates policies to coordinate their functions and activities for national economic development.
It is a committee within the Government Enterprises Council composed of the Secretary of Commerce and Industry (Chairman), a member designated by the President (Vice-Chairman), and the Secretary of the Council (ex officio member).
Among others: (a) supervise all government-owned/controlled corporations under the direction of the President to ensure efficiency and economy; (b) pass upon each corporation’s program of activities and yearly expenditure budget; and (c) carry out policies and measures formulated by the Council with approval of the President.
They are appointed by the board of directors or other governing body of the corporation, with the approval of the President of the Philippines.
The managing head directs and manages the corporation’s affairs and business on behalf of the board, subject to the board’s control and supervision.
The board may suspend the managing head by a majority vote of all members, but suspension requires the approval of the President.
A chairman or board member cannot simultaneously serve in the corporation in any capacity other than as such chairman or member, unless authorized by the President (with an exception for employee/laborer representatives).
It ceases to be a subsidiary of the National Development Company, and all rights/titles/interests of the National Development Company over properties/assets/shares of the corporation are transferred to the National Rice and Corn Corporation at book/par value.
It is converted into a department that operates directly under the National Development Company, and its properties/assets are transferred and assigned to the National Development Company.
It is converted into the National Cooperatives and Small Business Corporation, and it also assumes functions previously undertaken by the Bureau of Commerce in encouraging, promoting, and supervising provincial trading corporations.
Effective January 1, 1948.
Its functions, duties, personnel, equipment, records, assets, and liabilities are transferred, and the board of directors of METRAN is abolished with its powers and duties transferred to the Manila Railroad Company’s board.
They are included in a temporary plantilla and remain in their positions as long as not transferred to permanent positions in the combined services; preference is given to suitable personnel in the temporary plantilla when filling vacancies/new positions; any vacancy in the temporary plantilla is automatically abolished.
The Revolving Fund is abolished and its assets and liabilities are transferred to the Manila Railroad Company.
It must furnish motor transportation service to all bureaus and offices of the National Government on hire or rental basis according to the schedule of rates and regulations in E.O. No. 28, subject to possible revision/amendment with Presidential approval.
The National Housing Commission and the People’s Homesite Corporation are merged and converted into a single corporation called the People’s Homesite and Housing Corporation, with transfer of duties, powers, functions, personnel, records, equipment, funds, assets, and liabilities; it is deemed a continuation of the personalities of the merged corporations.
The Government Service Insurance System is placed under administrative supervision of the Government Enterprises Council, with authority/control previously exercised by the Secretary of Finance transferred to the Control Committee; references to the Secretary of Finance become references to the Council’s Control Committee Chairman. Administration of the Property Insurance Law is transferred to the Government Service Insurance System, with references to the Secretary of Finance and Treasurer of the Philippines treated as references to the Control Committee Chairman and the System’s Manager, respectively.
The National Produce Exchange, the National Warehousing Corporation, and the National Footwear Corporation are dissolved; their accounts are liquidated by the Auditor General.