EXECUTIVE ORDER NO. 11

: The term was originally extended until August 31, 1992, by virtue of Section 1 of Republic Act No. 7181.
: Section 1 of Republic Act No. 7181 grants the President the power to further extend the term of the Committee on Privatization and the Asset Privatization Trust for not more than sixteen (16) months after August 31, 1992.
: The COP and APT shall continue to exercise the powers, duties, and responsibilities provided under Proclamation No. 50, issued on December 8, 1986, as amended, including substantially completing the privatization of undisposed corporations and assets, particularly the big-ticket items, within the extended period.
: Executive Order No. 11 took effect immediately upon its issuance on August 10, 1992.
: The Executive Order was signed by President Fidel V. Ramos and attested by Acting Executive Secretary Peter D. Garrucho, Jr.
: Section 3 applies the doctrine of separability, stating that any unconstitutional or invalid provisions shall not nullify the remaining provisions of the Executive Order as long as the remaining portions can still be given effect entirely.
: All inconsistent orders, proclamations, rules, regulations, or issuances are repealed or modified accordingly as stated in Section 4 of the Executive Order.
: The focus is on substantially completing the privatization of undisposed corporations and assets, particularly the big-ticket items, during the extended term.