Other officers and employees, appointment and removal - Salaries.
Section 17
SECTION 17. Other officers and employees, appointment and removal - Salaries . - All other officers and employees of the Bank shall be appointed and removed by the Board of Directors, on recommendation of the President. Said officers and employees shall belong to the exempt category under the Civil Service Law by reason of the technical nature of their employment. Officers may be transferred or re-assigned according to the sound judgment of the Board of Directors. The duties and compensation of said officers and employees shall be fixed by the Board of Directors upon recommendation of the President: Provided, That whenever the Chairman or any member of the Board, by order of the Board of Directors, shall temporarily or permanently perform duties incumbent upon other officers, they may be granted compensation therefor, subject to the written approval of the President of the Philippines.