Further Amending the Charter of the Development Academy of the Philippines, and For Other Purposes

EXECUTIVE ORDER NO. 288 July 25, 1987

FURTHER AMENDING THE CHARTER OF THE DEVELOPMENT ACADEMY OF THE PHILIPPINES, AND FOR OTHER PURPOSES

WHEREAS, the programs and activities of the Development Academy of the Philippines (DAP) have expanded greatly since its establishment;

WHEREAS, there is a need to realign the management and funding structure of the DAP to enable it to better cope with the changing requirements of its program and operational thrusts and priorities;

WHEREAS, it is accordingly necessary to effect appropriate amendments to the DAP charter to allow the realization of such desired changes in its management and funding structure, such as reconstituting the membership of the Board of Trustees and its Executive Committee, and redefining its funding sources;

WHEREAS, the DAP provides assistance and consultancy services to agencies of the entire national government, particularly to those in the executive branch that are critical in the development process.

NOW, THEREFORE, I, CORAZON C, AQUINO, President of the Philippines, by virtue of the powers vested in me by the...

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Summary of Executive Order No. 288

Organizational Location and Domicile (Sec. 3)
- The principal office of the Development Academy of the Philippines (DAP) shall be established in Metropolitan Manila.
- The DAP may also have branches or offices at other places within or outside the Philippines as required by its operations and activities.

Board of Trustees (Sec. 4)
- The governance and policy direction of the DAP shall be vested in and exercised by a Board of Trustees.
- The Board of Trustees shall consist of 11 members representing the following:
    1. Office of the President
    2. Department of Finance
    3. Department of Education, Culture and Sports
    4. Department of Budget and Management
    5. Department of Agriculture
    6. Department of Environment and Natural Resources
    7. Department of Health
    8. Department of Agrarian Reform
    9. National Economic and Development Authority
    10. Civil Service Commission
    11. The Academy
- The Trustees shall elect a Chairman and Vice-Chairman from among themselves.
- The Trustees shall receive per diem for every Board and Executive Committee meeting attended, in addition to reasonable transportation and representation expenses, subject to existing rules and regulations.

Executive Committee (Sec. 6)
- There shall be an Executive Committee consisting of the President of the Academy and four other members elected by the Board of Trustees from the Board's membership.
- Members of the Executive Committee, other than the President of the Academy, shall hold office for terms of two years, unless a shorter term is specified at the time of election, and shall be eligible for re-election.
- The Board shall elect the Chairman of the Executive Committee from the Committee's membership.

Board of Visitors (Sec. 7-A)
- The DAP shall have a Board of Visitors composed of the heads of the financial institutions which constitute the founding members of the Academy, as follows:
    1. The Chairman of the Development Bank of the Philippines (Chairman)
    2. The Governor of the Central Bank of the Philippines
    3. The President of the Government Service Insurance System
    4. The Administrator of the Social Security System
    5. The President of the Philippine National Bank
    6. The President of the Land Bank of the Philippines
- The Board of Visitors shall have authority to review the policies, programs, and operations of the Academy and make suggestions regarding its desired thrust and orientation.

Funding Sources (Sec. 9-A)
- The Academy shall be financially self-sufficient, and its funds shall come from the following sources:
    1. Revenue generated from its operations
    2. Donations, bequests, and similar financial contributions
    3. Others, such as investments and interest income.