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RA 10149 Section 21

Care, Diligence and Skill in the Conduct of the Business of the GOCC.

Section 21

SEC. 21. Care, Diligence and Skill in the Conduct of the Business of the GOCC.—The members of the Board and the Officers must exercise extraordinary diligence in the conduct of the business and in dealing with the properties of the GOCC. Such a degree of diligence requires using the utmost diligence of every cautious person with due regard for all circumstances.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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

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