REPUBLIC OF THE PHILIPPINES
OFFICE OF THE PRESIDENT
MANILA

BY THE PRESIDENT OF THE REPUBLIC OF THE PHILIPPINES

EXECUTIVE ORDER NO. 32

TRANSFERRING THE POWERS, DUTIES AND FUNCTIONS OF THE BOARDS OF DIRECTORS OF GOVERNMENT-OWNED OR CONTROLLED CORPORATIONS TO THE OFFICE OF THE PRESIDENT.

Pursuant to the powers vested in me by Act No. 10 to effect changes in the different ministries, bureaus, offices, agencies and instrumentalities of the Government, including government-owned or controlled corporations, and to transfer activities and functions from one ministry, bureau, office, agency or instrumentality to another, for the purpose of promoting simplicity, efficiency and economy in the operation of the Government, I, JOSE P. LAUREL, President of the Republic of the Philippines, do hereby order –

The powers, duties and functions which by law pertain to the boards of directors of the government-owned or controlled corporations are hereby transferred to the Office of the President; and until otherwise ordered, said Office shall hereafter assume and exercise said powers, duties and functions.

Done in the City of Manila, this 26th day of January, in the year of Our Lord, nineteen hundred and forty-four, and of the Republic of the Philippines, the first.

(SGD.) JOSE P. LAUREL
President of the Republic of the Philippines

By the President:

(SGD.) PEDRO SABIDO
Executive Secretary