PD 334 Section 6

Governing Body.

Section 6

SEC. 6. Governing Body. — The Company shall be governed by a Board of Directors, hereinafter referred to as the “Board” which shall be composed of seven (7) members, to be appointed by the President of the Philippines. The members of the Board shall serve for a term of three (3) years or until their successors shall have been appointed and qualified. In case of any vacancy in the Board, the same shall be filled by the President of the Philippines for the unexpired term. No person shall be appointed as member of the Board unless he is a natural-born citizen of the Philippines, at least thirty-five (35) years of age and of established integrity. The Chairman of the Board, as well as the President of the Company, shall be appointed by the President of the Philippines. The other officers of the Company shall be appointed by the Board.

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Other provisions in PD 334

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 334 Section 6 (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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