Classification and Compensation of Personnel
- NDC is classified as a government financial institution for compensation and Civil Service law compliance.
- This aligns NDC with entities like the Central Bank and Development Bank of the Philippines.
- Appointment and compensation of officers and consultants in policy-determining, primarily confidential, or highly technical positions are decided by the Board based on the Chairman’s recommendation.
- This provision overrides any conflicting existing laws.
Legal Consistency and Repeal of Conflicting Provisions
- Any laws, decrees, proclamations, executive orders, instructions, rules, or regulations inconsistent with this Decree are repealed or modified accordingly.
Effectivity
- The Decree takes effect immediately upon its promulgation.
This Decree strengthens the corporate governance framework of the NDC, ensuring it acts with efficiency and competence in driving national economic development projects by enhancing its Board's powers and clarifying personnel management and compensation standards.