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PD 2000 Section 12

Officers and other Personnel.

Section 12

SEC. 12. Officers and other Personnel.—The officers of the Corporation shall be a Chairman, a Vice-Chairman, a General Manager and a Deputy General Manager. The General Manager, the Deputy General Manager and all other officers and employees of the Corporation shall be appointed by the Chairman, with the confirmation of the Board. The Central Bank may assign any Central Bank official or employee to the Corporation on detail: Provided, That such assignment of any Central Bank official or employee to the Corporation shall be deemed to be in the interest of the service and not disciplinary, any provision of existing law to the contrary notwithstanding: Provided, further, That the assignment of such Central Bank officials and employees shall not suspend or interrupt the continuity of their services with the Central Bank. The remuneration and other emoluments of officers and employees of the Corporation shall be fixed by the Board. Central Bank officials and employees detailed to the Corporation shall continue to receive the remuneration and other emoluments to which such officials and employees are entitled to receive as such from the Central Bank: provided, That Central Bank officials and employees so detailed shall not receive any additional compensation from the Corporation: Provided, further, That the Corporation shall pay directly or reimburse the Central Bank the remuneration and emoluments of Central Bank officials and employees detailed to the Corporation.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationPD 2000 Section 12 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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