Powers and duties of the Chairman.
Section 8
SEC. 8. Powers and duties of the Chairman.—The Chairman of the Board shall be the chief executive of the Administration. He shall be known as Administrator and shall cease only when his term expires, or when he resigns or is removed for cause. The person appointed as Administrator, shall be possessed of administrative ability, experience related to agricultural financing and, in general, knowledge of Philippine agriculture. The Administrator's compensation shall be fixed by the President of the Philippines but it shall not be less than eighteen thousand pesos per year. The powers and duties of the Administrator shall be: To prepare the agenda for the meetings of the Board and to submit for the consideration thereof the policies and measures which he believes to be necessary to carry out the purposes and provisions of this Act; To execute and administer the policies and measures approved by the Board; To direct and supervise the operations and internal administration of the Administration. The Chairman may delegate certain of his administrative responsibilities to other officers of the Administration, subject to the rules and regulations of the Board; and To exercise such other powers as may be vested in him by the Board.