EXECUTIVE ORDER NO. 1067 November 25, 1985
AUTHORIZING CORPORATE CHANGES IN CAPITAL DISTRIBUTION AND COMPENSATION STRUCTURE OF THE PHILIPPINE INTERNATIONAL TRADING CORPORATION CREATED UNDER PRESIDENTIAL DECREE NO. 1071, AS AMENDED
WHEREAS, there is need to restructure the ownership of the Philippine International Trading Corporation and to increase its paid-up capital to accelerate and expand its international marketing capability;
WHEREAS, under Section 4 of Executive Order No. 756, powers are delegated to the Board of Directors to organize the structure of the Corporation in accordance with its expanded role in the development of Philippine trade, with such officers and employees as may be needed and determine their competitive salaries and reasonable allowances and other benefits to effectively carry out its powers and functions;"
WHEREAS, in view of the special and commercial nature of operations of PITC, under Section 6 of Executive Order No. 756, the Corporation shall continue to be exempt from the application of the rules and regulations of the Office of Compensation and Position Classification or any such similar...
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