RA 11597 (Philippine Veterans Bank Act) Section 10

President and Vice Presidents; Appointment and Removal; Salaries.

Section 10

SEC. 10. President and Vice Presidents; Appointment and Removal; Salaries. – The chief operating officer of the Veterans Bank shall be the President who shall be chosen by the Board of Directors. The President shall be assisted by such number of Vice Presidents who shall be elected and may be removed by the Board of Directors. The President and the Vice Presidents shall possess practical experience in banking and finance as top executives, at least ten (10) years for the President and at least five (5) years for the Vice Presidents. The salaries of the President and the Vice Presidents shall be reasonable, and shall be set and approved by the Board of Directors in accordance with applicable laws and sound corporate governance practices.

Read the full instrument →

Other provisions in RA 11597 (Philippine Veterans Bank Act)

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

CitationRA 11597 (Philippine Veterans Bank Act) Section 10 (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).

Continue your research

RA 11597 (Philippine Veterans Bank Act), full textThe complete text of this law, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Philippines: what this database coversWhich datasets are here, which official source they come from, and how current they arePhilippines overview