Law Summary
Limitation and Relinquishment of Excess Positions
- No official may hold more than two additional positions besides their primary role.
- If an official holds more than the allowed number, they must relinquish the excess positions.
- Excess positions are to be transferred to subordinate officials next in rank.
Representation in Government-Owned or Controlled Corporations
- To protect the government’s interests, at least one-third of the members of the boards of government-owned or controlled corporations must be from the Executive Department.
- Eligible officials to fill these board positions include Secretaries, Undersecretaries, or Assistant Secretaries.
Compliance and Enforcement
- All affected officials are mandated to submit proof of compliance with this Executive Order to the Office of the President.
Repeal and Modification of Conflicting Rules
- Any laws, orders, rules, or regulations inconsistent with this Executive Order are repealed or modified accordingly.
Immediate Effectivity
- The Executive Order takes effect immediately upon issuance.