Section 1
SECTION 1. The position of Government Corporate Counsel is hereby declared distinct and separate from that of the Solicitor General. The Government Corporate Counsel, who shall be appointed by the President of the Philippines with the consent of the Commission on Appointments, shall head the Office of the Government Corporate Counsel as presently constituted. He shall have the rank and privileges of an Undersecretary of Department and receive compensation of twelve thousand pesos per annum. He shall have full control and supervision over all legal divisions maintained separately by Government owned or controlled corporations with respect to handling of legal matters.