Executive Order

EXECUTIVE ORDER NO. 7 DIRECTING THE rationalization OF THE learn AND POSITION CLASSIFICATION SYSTEM IN THE presidency-OWNED AND-CONTROLLED CORPORATIONS (GOCCs) AND GOVERNMENT monetary INSTITUTIONS (GFIs), AND FOR OTHER PURPOSES WHEREAS, transparency, accountability and prudence in government disbursal are among the core governance policies being pick out by this administration; WHEREAS, while governance Owned and Controlled Corporations (GOCCs) and Government fiscal Institutions (GFIs), by the nature of their operations, are accorded greater flexibleness to division properly and efficiently under a market environment, such(prenominal) flexibility shall nevertheless be consistent with the precept of unfastened accountability; WHEREAS, there is a need to strengthen the attention over the compensation levels of GOCCs and GFIs, in order to control the collapse of excessive salaries, allowances, incentives and other benefits; WHEREAS, under Item (9) of the Senate and House of Representatives pairing Resolution (J.R.) No. 4, s. 2009, agencies exempted from Republic Act (R.A.) No. 6758, as amended, shall observe the policies, parameters and guidelines governing congeal classification, salary rates, categories and rates of allowances, benefits, and incentives positive by the President; NOW, THEREFORE, I, BENIGNO S. AQUINO III, President of the Philippines, by virtue of the powers vested in me by the Constitution, Presidential declare No. 985, Presidential polity No. 1597, R.A. No. 6758, as amended by the J.R. Nos. 1, s. 1994, and 4, s. 2009, do hereby order and direct: SECTION 1. Rationalization of the hire and Position Classification System in GOCCs and GFIs. The compensation and horizon classification system in all GOCCs and GFIs shall be rationalized in accordance with the policies, principles and parameters prescribed in this Order. SECTION 2. Guiding Principles. The succeeding(prenominal) principles, patterned after the governi ng principles in J.R. No. 4, s. 2009,...If y! ou heed to get a full essay, order it on our website: OrderCustomPaper.com

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