LETTER OF INSTRUCTIONS NO. 1200

: It is addressed to all Heads of Ministries and all Heads of Government-owned or Controlled Corporations.
: The directive is that the positions of Chairman of the Board and Chief Executive Officer in government-owned or controlled corporations must be held by different persons, separating the two roles.
: Steps must be taken within three days to separate these positions, and the Office of the President must be notified of the governing board's resolution to this effect.
: The President may order the election or appointment of either the Chief Executive Officer or the Chairman of the Board.
: Appropriate recommendations for the amendment of the corporation's charter should be submitted within three days to the President for consideration.
: The separation aims to clearly define and improve accountability and corporate governance by avoiding concentration of power in one individual.
: Within three days from the issuance of this instruction or from the discovery that both positions are held by one person.
: It allows the President to exercise authority to appoint or order elections to fill the separated positions ensuring compliance and proper corporate governance.
: No specific penalties are stated in the Letter of Instructions itself, but non-compliance could lead to administrative or legal consequences under general government regulations.