President and Staff of Corporation.
Section 10
SEC. 10. President and Staff of Corporation.—The Corporation shall be headed by a President who shall act as its chief executive officer. He shall be appointed by the Board of Directors of the Corporation and shall not hold any other position incompatible with his office. His compensation, allowances and emoluments shall be fixed by the Board. The Corporation shall appoint and maintain its managerial, technical and administrative staff. Managerial and technical positions shall be exempt from the Office of Compensation and Position Classification coverage but shall fall under Section 6 of Presidential Decree No. 1597 as well as other pertinent Civil Service, Budget and Compensation Laws.