Executive Order

EXECUTIVE ORDER NO. 7 DIRECTING THE rationalisation OF THE have AND POSITION CLASSIFICATION SYSTEM IN THE establishment-OWNED AND-CONTROLLED CORPORATIONS (GOCCs) AND GOVERNMENT monetary INSTITUTIONS (GFIs), AND FOR OTHER PURPOSES WHEREAS, transparency, accountability and prudence in brass disbursal are among the core governance policies being choose by this administration; WHEREAS, while presidency Owned and Controlled Corporations (GOCCs) and Government fiscal Institutions (GFIs), by the nature of their operations, are accorded greater tractableness to division properly and efficiently under a market place environment, such(prenominal) flexibility shall nevertheless be consistent with the precept of palpable accountability; WHEREAS, there is a need to strengthen the charge over the compensation levels of GOCCs and GFIs, in order to control the lend oneself of excessive salaries, allowances, incentives and other benefits; WHEREAS, under Item (9) of the Senate an d House of Representatives continuative Resolution (J.R.) No. 4, s. 2009, agencies exempted from Republic Act (R.A.) No. 6758, as amended, shall observe the policies, parameters and guidelines governing congeal classification, salary rates, categories and rates of allowances, benefits, and incentives overconfident by the President; NOW, THEREFORE, I, BENIGNO S.

AQUINO III, President of the Philippines, by virtue of the powers vested in me by the Constitution, Presidential declare No. 985, Presidential decree No. 1597, R.A. No. 6758, as amended by the J.R. Nos. 1, s. 1994, and 4, s. 2009, do hereby order and d irect: SECTION 1. Rationalization of the h! ire and Position Classification System in GOCCs and GFIs. The compensation and sic classification system in all GOCCs and GFIs shall be rationalized in accordance with the policies, principles and parameters prescribed in this Order. SECTION 2. Guiding Principles. The succeeding(prenominal) principles, patterned after the governing principles in J.R. No. 4, s. 2009,...If you regard to get a full essay, order it on our website: OrderCustomPaper.com

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