Powers and Duties.
Section 26
SEC. 26. Powers and Duties.—The General Manager shall have, among others, the following powers and To direct and manage the affairs and business of the Company in pursuance of the policies of the Board. To prepare the agenda for the meetings of the Board and submit for its consideration such policies and measures as he believes to be necessary to carry out the purposes and objectives of this Act. To submit for the approval of the Board the annual and supplemental budgets of the Company. To review and submit to the Board the annual and supplemental budgets of the subsidiary corporations under the Company and to exercise general supervision over the affairs of said corporations as may be determined by the Board. To appoint and to remove or suspend for cause, with the approval of the Board, the chiefs of division and officials of higher rank and fix the remunerations and terms of employment of said officials. To appoint and to remove or suspend for cause, and fix the remuneration and terms of employment of employees and officials below the rank of division chiefs. To reorganize the internal organization of the Company when advisable for purposes of efficiency and economy: Provided, That any major reorganization shall be subject to the approval of the Board. To submit within sixty days after the close of each fiscal year, an annual report to the Board and such other reports as may be required. To delegate his authority, in whole or in parts to the officers of the Company: Provided, That such delegations are in writing, copies of which shall be provided the Board; and To perform such other duties as may be assigned to him by the Board.