Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 271)
Presidential Decree No. 271 amends Presidential Decree No. 232 to further strengthen the Philippine coconut industry by redefining the governance, management, and organization of the Philippine Coconut Authority.
The Governing Board is composed of nine members.
Both the Chairman and the Administrator of the Philippine Coconut Authority are appointed by the President of the Philippines.
The Chairman serves as the head of the Board, and the Administrator automatically assumes the role of Vice Chairman of the Board.
The Governing Board includes: (a) The Chairman; (b) The Vice Chairman (Administrator); (c) The Chairman, National Science Development Board; (d) The Undersecretary of Agriculture and Natural Resources; (e) The Undersecretary of Trade; (f) The Director-General, NEDA or representative; (g) The Chairman, United Coconut Association of the Philippines; (h) The President, Philippine Coconut Producers Federation; and (i) The Chairman of the Board, Coconut Investment Company.
The Administrator directs and manages affairs of the Authority according to Board policies, recommends organizational structure, appoints and disciplines personnel with Board approval, submits annual and periodic reports, and performs other duties assigned by the Board.
The Administrator is required to prepare and submit an annual report to the President within thirty days after the close of each fiscal year.
All inconsistent laws, executive and administrative orders, rules, and regulations are repealed or amended accordingly.
The decree took effect immediately upon its signing on August 9, 1973.