Authority of the General Manager in Emergencies.
Section 25
SEC. 25. Authority of the General Manager in Emergencies. — In the event of extraordinary emergencies which require immediate action and in which there is insufficient time to call a meeting of the Board, the General Manager, with the concurrence of the Chairman of the Board, or in his absence, with the concurrence of any other two members of the Board, may decide any matter or take any action within the authority of the Board itself and may suspend any resolution or decision of the Board to meet such emergencies. In such cases, the General Manager shall request that a meeting of the Board be held immediately, and for him to explain his action and the reasons for departing from the normal procedures. The Board may then confirm revoke or modify such action as the circumstances may warrant. SEC. 26. Remuneration of the General Manager. — The salary of the General Manager shall be fixed by the Board and approved by the President of the Philippines.