Ban on gov't corp officers contracting with own firms

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EXECUTIVE ORDER NO. 351: Ban on gov't corp officers contracting with own firms

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Title Supreme Court: Ban on gov't corp officers contracting with own firms

Law: Executive Order No. 351

Decision Date: Jun 4, 1941

Manuel L. Quezon's Executive Order No. 351 prohibits officers of government-owned corporations, along with their spouses and household members, from entering into contracts with the corporations they oversee to prevent conflicts of interest and ensure public trust.

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Scope of Affected Officials

Affected officials include:
- Members and chairmen of boards of directors.
- Managers, assistant managers, and their assistants.
- Treasurers, secretaries, or secretary-treasurers.
- Auditors or comptrollers.
- Chiefs of divisions or departments.
- Other staff members with discretionary powers or access to confidential information concerning the corporation.

Inclusion of Family Members

The prohibition extends not only to the officials themselves but also includes their wives and other household members.

Objective and Rationale

The law aims to prevent questionable transactions involving government-owned corporations.
It seeks to ensure and maintain public trust and confidence in the operations of these corporations.

Legal Authority and Formality

The order is issued by the President of the Philippines under the powers vested by law.
It is officially promulgated on June 4, 1941, from the City of Manila, ensuring its immediate effect on the conduct of government-owned corporations and their officers.

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