Powers and duties of the Chairman of the Board.
Section 10
SEC. 10. Powers and duties of the Chairman of the Board.—The Chairman of the Board shall have the following powers and duties: To direct and manage the affairs and business of the PHILCOA on behalf of the Board of Administrators and subject to its control and supervision; To submit for approval within sixty days after the close of each fiscal year an annual report to the President of the Philippines and to each House of Congress, through the Board of Administrators; To appoint and fix the number with the approval of the Board of Administrators, of such subordinate officials and personnel as may be necessary for the proper discharge of the duties and functions of the PHILCOA, a with the approval of the Board, to remove, suspend, otherwise discipline, for just cause, any subordinate employee of the PHILCOA; and To perform such other duties as may be assigned to him by the Board of Administrators from time to time.