(NAR) VOL. 26 NO. 1/ JANUARY - MARCH 2015
(1) | Pursue the electrification program of the government and to bring electricity to the countryside including the missionary or economically unviable areas through the electric cooperatives; and |
(2) | Ensure the economic and financial viability and operation of all electric cooperatives in the country. |
(a) | Provide the Corporate leadership subject to the rule of law, and the objectives set by the National Government through the DOE and the GCG; |
(b) | Establish the vision and mission, strategic objectives, policies and procedures, as well as defining the Corporation’s values and standards through: |
• Charter Statements; | |
(c) | Determine important policies that bear on the Corporate character to foster its long-term success, ensure its long-term viability and strength, and secure its sustained competitiveness; |
(d) | Determine the organizational structure of the Corporation, defining the duties and responsibilities of its Officers and employees and adopting a compensation and benefit scheme that is consistent with the GOCC Compensation and Position Classification System (CPCS) developed by GCG and formally approved by the President of the Philippines; |
(e) | Ensure that personnel selection and promotion shall be on the basis of merit and fitness and that all personnel action shall be in pursuit of the applicable laws, rules and regulations; |
(f) | Provide sound written policies and strategic guidelines its operating budget and major capital expenditures, and prepare the annual and supplemental budgets of the Corporation; |
(g) | Comply with all reportorial requirements, as required in the Charter, as well as applicable laws, rules and regulations; |
(h) | Formally adopt and conduct annually the mandated Performance Evaluation System (PES) and the Performance Scorecard and timely and accurately report the results to the GCG; and, |
(g) | Ensure the fair and equitable treatment of all Stakeholders and enhancing relations with its Stakeholders. |
(a) | Meet regularly, ideally at least once every month, to properly discharge its responsibilities, with independent views expressed during such meetings being given due consideration, and that all such meetings shall be properly documented or minuted; |
(b) | Determine the Corporate purpose and value, as well as adopt strategies and policies, including risk management policies and programs, in order to ensure that the Corporation survives and thrives despite financial crises and that its assets and reputation are adequately protected; |
(c) | Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum results; |
(d) | Adopt a competitive selection and promotion process, a professional development program, as well as a succession plan to ensure that the Officers have the necessary motivation, integrity, competence and professionalism; |
(e) | Monitor and manage potential conflicts of interest of Members of the Board, Management, and stakeholders, including misuse of corporate assets and abuse in related party transactions; |
(f) | Implement a system of internal checks and balances, which may be applied in the first instance to the Board; and ensure that such systems are reviewed and updated on a regular basis; |
(g) | Ensure the integrity of the accounting and financial reporting systems, including independent audit, and that appropriate systems of control are in place, in particular, systems for risk management, financial and operational control, and compliance with the law and relevant standards; |
(h) | Identify and monitor, and provide appropriate technology and systems for the identification and monitoring of key risks and performance areas; |
(i) | Adopt, implement and oversee the process of disclosure and communications; |
(j) | Constitute an Audit Committee and such other specialized committees as may be necessary, or required by applicable regulations, to assist the Board in discharging its functions; and, |
(k) | Conduct and maintain the affairs of the Corporation within the scope of its authority, as prescribed in its Charter and applicable laws, rules and regulation. |
14.1. | Chairman of the Board. - Ideally, the roles of the Chairman and the Administrator should be with different individuals in order to ensure an appropriate balance of power, increased accountability, greater capacity of the Board for independent decision-making, and optimum capacity to exercise supervisory function over Management. | |
Where both positions of the Chairman and the Administrator are unified in the same individual, checks and balances should be clearly provided by the Governing Board to help ensure that independent, outside views, perspectives, and judgments are given proper hearing in the Board. | ||
The Chairman shall, when present, preside at all meetings of the Board. The Chairman’s responsibilities may include: | ||
(a) | Calling meetings to enable the Board to perform its duties and responsibilities; | |
(b) | Approving meeting agenda in consultation with the Administrator and the Corporate Secretary; | |
(c) | Exercising control over quality, quantity and timeliness of the flow of information between Management and the Board; and | |
(d) | Assisting in ensuring compliance with the guidelines on corporate governance. | |
The responsibilities set out above, may pertain only to the Chairman's role in respect to the Board proceedings, and shall not be taken as a comprehensive list of all the duties and responsibilities of a Chairman. | ||
For legal purposes, the Administrator shall be considered as the “Head of Agency” of the Corporation. | ||
14.2 | Vice-Chairman. - In the absence of the Chairman of the Board, the Vice- Chairman or the Administrator shall preside at the meetings of the Board. | |
14.3 | Corporate Secretary. - The Corporate Secretary need not be a member of the Governing Board. Ideally, the Corporate Secretary must possess organizational and interpersonal skills, and the legal skills of a Chief Legal Officer. The Corporate Secretary shall have the following functions: | |
(a) | Serve as an adviser to the Board Members on their responsibilities and obligations; | |
(b) | Keep the minutes of meetings of the stakeholders, the Board, the Executive Committee, and all other committees in a book or books kept for that purpose, and furnish copies thereof to the Chairman, the Administrator and other Members of the Board as appropriate; | |
(c) | Keep in safe custody the seal of the corporation and affix it to any instrument requiring the same; | |
(e) | Attend to the giving and serving of notices of Board and stakeholder meetings, if applicable; | |
(f) | Be fully informed and be part of the scheduling process of other activities of the Board; | |
(g) | Receive instructions from the Chairman on the preparation of an annual schedule, the calling of Board meetings, the preparation of regular agenda for meetings, and notifying the Board of such agenda at every meeting; | |
(h) | Oversee the adequate flow of information to the Board prior to meetings; and | |
(i) | Ensure fulfillment of disclosure requirements to regulatory bodies. | |
The Corporate Secretary shall have such other responsibilities as the Board may impose upon him/her. The Board shall have separate and independent access to the Corporate Secretary. | ||
14.4 | Compliance Officer. - The Board shall appoint a Compliance Officer who shall report directly to the Chairman. In the absence of such office or appointment, the Corporate Secretary, who is preferably a lawyer, shall act as Compliance Officer. The Compliance Officer shall perform the following duties: | |
(a) | Monitor compliance by the Corporation of the requirements under the Act, this Manual, the rules and regulations of the appropriate Government Agencies and, if any violations are found, report the matter to the Board and recommend the imposition of appropriate disciplinary action on the responsible parties and the adoption of measures to prevent a repetition of the violation; | |
(b) | Appear before the GCG when summoned in relation to compliance with this Manual or other compliance issues; and, | |
(c) | Issue a certification every 30 May of the year on the extent of the Corporation’s compliance with the government corporate standards governing GOCCs for the period beginning 01 July of the immediately preceding calendar year and, if there are any deviations, explain the reason for such deviation. The appointment of a Compliance Officer shall not relieve the Governing Board of its primary responsibility vis-à- vis the State, to ensure that the Corporation has complied with all its reportorial, monitoring and compliance obligations. |
15.1 | The Governing Board shall therefore constitute the proper committees to assist them in performing their duties and responsibilities, providing each of the committees with written terms of reference defining the duties, authorities and the composition of the committees constituted. The committees shall report to the entire Board as a collegial body and the minutes of their meetings shall be circulated to all Members of the Board. The existence of the committees shall not excuse the Members of the Board of its collective responsibility for all matters that are within the primary responsibility and accountability of the Board. | |||
15.2 | As a minimum, the Board shall be supported by the following specialized committees: | |||
15.2.1 | Audit Committee. - The Audit Committee shall consist of at least three (3) Board Members, whose Chairman should have audit, accounting or finance background. The Committee shall have the following responsibilities: | |||
(a) | Oversee, monitor and evaluate the adequacy and effectiveness of the NEA’s internal control system, engage and provide oversight of the NEA’s internal and external auditors, and coordinate with the Commission on Audit (COA); | |||
(b) | Review and approve audit scope and frequency, the annual internal audit plan, quarterly, semi-annual and annual financial statements before submission to the Board, focusing on changes in accounting policies and practices, major judgmental areas, significant adjustments resulting from the audit, going concern assumptions, compliance with accounting standards, and compliance with tax, legal, regulatory and COA requirements; | |||
(c) | Receive and review reports of internal and external auditors and regulatory agencies, and ensure that Management is taking appropriate corrective actions, in a timely manner in addressing control and compliance functions with regulatory agencies; | |||
(d) | Ensure that internal auditors have free and full access to all the NEA’s records, properties and personnel relevant to and required by its function and that the internal audit activity shall be free from interference in determining its scope, performing its work and communicating its results; | |||
(f) | Develop a transparent financial management system that will ensure the integrity of internal control activities throughout the NEA through a procedures and policies handbook that will be used by the entire organization; | |||
(g) | Submit the minutes of all meetings of the Audit Committee to, and report the Audit Committee’s actions to the Board from time to time (but at least semi-annually) as requested by the Board; | |||
(h) | Devote time and attention necessary to properly discharge its duties and responsibilities; and, | |||
(i) | Exercise independent judgment, act judiciously and observe confidentiality. | |||
The Audit Committee shall have the following functions: | ||||
(a) | Evaluate the adequacy and effectiveness of the internal control system; | |||
(b) | Meet periodically with Management, the internal auditors and the COA in separate executive sessions to discuss any matters that the Audit Committee believes should be discussed privately; | |||
(c) | Review and approve the annual internal audit plans and programs; | |||
(d) | Review the financial statements periodically before submission to the Board; | |||
(e) | Review and approve the following reports including the recommendations therein as submitted by the Internal Audit: | |||
(1) | Audit report | |||
(2) | Monitoring report | |||
(3) | Operations report | |||
(4) | Assessment report | |||
(5) | Evaluation report | |||
(6) | Validation report | |||
(7) | Accomplishment report | |||
(8) | Performance report | |||
(9) | Special assignments and others | |||
(f) | Assess compliance with existing policies and procedures and applicable laws, rules and regulations; | |||
(g) | Review and approve the Internal Audit Charter and amendment thereto; | |||
(h) | Review and approve policies relative to Internal Audit activities; | |||
(i) | Perform oversight financial and operational management functions, legal and other risks of NEA relating to its operations and support processes; and, | |||
(j) | Review and endorse for approval of the Board any proposed amendment to existing policies relative to NEA and EC operations as recommended by the Internal Audit. | |||
15.2.2 | Governance, Nomination and Remuneration Committee. - The Governance, Nomination and Remuneration Committee shall assist the Board of Administrators in fulfilling its corporate governance responsibilities. The Committee shall be composed of at least three (3) Members of the Board and chaired by the Chairman or any Member designated by the Board. The purposes of the Committee are the following: | |||
(a) | To develop a set of corporate governance principles and oversee matters relating to the approval of the Board on public governance issues; | |||
(b) | To review effectiveness of the Board Administrators in the performance of its functions as specified in PD 269, as amended by PD 1645, and through other relevant laws and issuances; | |||
(c) | To recommend and ensure that policies in place for the operationalization of NEA’s Charter Statement (Vision, Mission Efficiency and Strategic Alliance; and, | |||
(d) | To ensure that the mandate of Rural Electrification and its value-added services for the electric distribution utilities, particularly the electric cooperatives, remains to be an on- going concern of the agency, unless a new charter or amendments thereof had been introduced. | |||
The Governance, Nomination and Remuneration Committee shall have the following responsibilities: | ||||
(a) | Recommend to the Board, Guidelines on Good Corporate Governance; | |||
(b) | Annually evaluate the composition and effectiveness of the Board, and their individual and collective performance as Board Members; | |||
(c) | Serve as resource to enhance the Board’s roles and responsibilities and develop tools and strategies to address these areas; | |||
(d) | Review periodically the mandates of the Board committees and recommend changes, where necessary; and, | |||
(e) | Ensure that the Board and the agency itself operates within legal and ethical grounds, and in a socially responsible manner. | |||
15.2.4 | Credit and Risk Management Committee. - The Credit and Risk Management Committee shall consist of at least three (3) members, with at least one member having a background in finance and investments. The purposes of the Committee are the following: | |||
(a) | To ensure that policies and procedures are in place to manage the risks to which NEA is exposed, including but not limited to financial, operational, liquidity and market risks; | |||
(b) | To provide a critical assessment of NEA’s business strategies and plans from a risk perspective; and, | |||
(c) | To ensure that appropriate policies and procedures are in place for the detection, oversight and analysis of existing and future risks. | |||
The Credit and Risk Management Committee shall have the following responsibilities: | ||||
(a) | Performing oversight risk management functions specifically in the areas of managing credit, market, liquidity, operational, legal, reputational and other risks of the Corporation, and crisis management, which shall include receiving from Senior Management periodic information on risk exposures and risk management activities; | |||
(b) | Developing the Risk Management Policy of the Corporation, ensuring compliance with the same and ensure that the risk management process and compliance are embedded throughout the operations of the Corporation, especially at the Board and Management level; and | |||
(c) | Providing quarterly reporting and updating the Board on key risk management issues as well as adhoc reporting and evaluation on investment proposals. | |||
15.3 | Other Responsibilities of Committees. – All Board Committees shall also have the responsibilities provided under GCG Memorandum Circular 2012-07. | |||
15.4 | Other Committees Required by Law, Rules and Regulations. – In addition to the committees required in this, the corporation when so covered shall also establish the committees required by other Supervising Agencies. |
(a) | Exercise general supervision and authority over the regular course of business, affairs, and property of the Corporation, and over its employees and officers; |
(b) | See to it that all orders and resolutions of the Board are carried into effect; |
(c) | Submit to the Board as soon as possible after the close of each fiscal year, a complete report of the operations of the Corporation for the preceding year, and the state of its affairs; |
(d) | Report to the Board from time to time all matters which the interest of the Corporation may require to be brought to its notice; and, |
(e) | Perform such other duties and responsibilities as the Board may impose upon him. |
20.1 | Corporate Treasurer. - The Treasurer shall have charge of the funds, securities, receipts and disbursements of the Corporation. Unless otherwise provided in the Charter, the Treasurer shall also have the following functions: | |
(a) | Deposit or cause to be deposited all monies and other valuable effects in the name and to the credit of the Corporation in compliance with applicable laws, rules and regulations; | |
(b) | Regularly and at least quarterly render to the Administrator or to the Board an account of the fund condition of funds of the Corporation and all of his transactions as such; | |
(c) | Ensure fund availability on a timely basis and at the most economical means; | |
(d) | Optimize yields in temporary excess funds, but at the same time ensure the implementation of appropriate risk management measures over its resources; | |
(e) | Provide relevant and timely financial market information; | |
(f) | Perform such other responsibilities as the Board may impose. | |
20.2 | Chief Finance Officer (CFO). - The CFO, who may also be the Treasurer, shall be responsible for the following: | |
(a) | Providing management with accurate, relevant, and timely operating and financial reports and analysis necessary for financial planning and strategy formulation, and monitoring actual implementation of budgets, plans and programs towards the achievement of corporate goals; | |
(b) | Maintaining the integrity of accounting records as the basis of the financial statements and reports provided to Management for decision making and to government regulatory bodies in compliance with statutory requirements; | |
(c) | Promoting investor and public confidence in the Corporation by addressing the various information requirements of the investing public and ensuring that all other legal reportorial obligations to the concerned agencies are complied with; | |
(d) | Strengthening internal controls by monitoring compliance with policies and recommending to Management appropriate actions and changes in systems and procedures in the exigencies of the service; and, | |
(e) | Performing such other responsibilities as the Board may impose. |
(a) | Exercise extraordinary diligence, skill and utmost good faith in the conduct of the business and in dealing with the properties of the Corporation, using the utmost diligence of a very cautious person with due regard to all the circumstances; |
(b) | Apply sound business principles to ensure the financial soundness of the corporation; and, |
(c) | Elect and/or designate only Officers who are fit and proper to hold such office with due regard to the qualifications, competence, experience and integrity. |
(a) | Act with utmost and undivided loyalty to the NEA; |
(b) | Avoid conflicts of interest and declare any interest they may have in any particular matter before the Board; and, |
(c) | Avoid (1) taking for themselves opportunities related to the NEA’s business; (2) using the NEA’s property, information or position for personal gain; or (3) competing with the NEA’s business opportunities. |
26.1 | Avoid Conflict of Interest. – NEA Board Members and Officers shall at all times avoid any actual or potential conflict of interest with the NEA. Each also avoids any conduct, or situation, which could reasonably be construed as creating an appearance of a conflict of interest. Any question about a Board Member’s or Officer's actual or potential conflict of interest with the NEA shall be brought promptly to the attention of the Chairman of the Board, who will review the question and determine an appropriate course of action. |
26.2. | Trustee Relation to Corporate Properties, Interest and Monies. – Except for the per diem received for actual attendance in board meetings and the reimbursement for actual and reasonable expenses and incentives as authorized by the GCG any and all realized and unrealized profits and/or benefits including, but not limited to, the share in the profits, incentives of Board Members or Officers in excess of that authorized by the GCG, stock options, dividends and other similar offers or grants from corporations where the NEA, and any benefit from the performance of NEA Board Members or Officers acting for and in behalf of the NEA in dealing with its properties, investments in other corporations, and other interest, are to be held in trust by such Director or Officer for the exclusive benefit of the NEA represented. |
26.3 | Taking of Corporate Opportunities. - Where a NEA Board Member or an Officer, by reason of his being a member of the NEA Board or an Officer of a Corporation, acquires or receives for himself/herself a benefit or profit of whatever kind or nature, including but not limited to, the acquisition of shares in corporation where the Corporation has an interest, the use the properties of the Corporation for his/her own benefit, the receipt of commission(s) on Contract(s) with the Corporation or its assets, or the taking advantage of corporate opportunities of the corporation, all such profits or benefits shall be subject to restitution pursuant to Section 24 of the Act, without prejudice to any administrative, civil or criminal action against members of the such Board Member or Officer. The remedy of restitution shall apply notwithstanding the fact that such Board Member or Officer risked his/her own funds in the venture. |
26.4 | Restitution. - Pursuant to Section 24 of the R.A. 10149, upon the determination and report of the Commission on Audit (COA) pursuant to a Notice of Disallowance which has become final and executory, that properties or monies belonging to the corporation are in the possession of a Board Member or Officer of the Corporation without authority, or that profits are earned by the Board Member or Officer in violation of his/her fiduciary duty, or the aggregate per diems, allowances and incentives received in a particular year are in excess of the limits provided under the Act, the Board Member or Officer receiving such properties or monies shall immediately return the same to the corporation. |
(a) | Extent of business interest with NEA and stakeholders; |
(b) | Compensation package, including travel, representation, transportation and any allowance and form of expenses; |
(c) | Attendance record of each Board member in Board and Committee meetings; |
(d) | Other disclosures required by existing laws, rules and regulations. |
(a) | Provide financial, institutional and technical assistance to the ECs; |
(b) | Establish programs to ensure the provision of accessible, quality and reliable electric service, including Competency Programs in partnership with the academe, Energy-For-All Partnership with Asian Development Bank (ADB), Renewable Energy Development Program with the World Bank (WB), Performance Governance System (PGS) with the Institute for Solidarity in Asia (ISA), Professional Director’s Program with the Institute of Corporate Directors (ICD) and ECs’ Institutional and Technical Development with National Rural Electric Cooperatives Association (NRECA) of America, and Technical Assistance with the Institute of Electrical Engineers (IIEE); |
(c) | Institutionalize Task Force Kapatid (TFK), as a quick response mechanism that gathers different ECs to render voluntary service to other ECs which need technical help in times of calamity and in the energization as well as rehabilitation of lines of hard-to-reach areas; |
(d) | Implement corporate citizenship practices such as Environmental Management and Outreach Programs; and, |
(e) | Strengthen its Corporate Values of Honesty, Efficiency and Solidarity. |
Stakeholders | Nature of Interest | Clear Policy on Communication with Stakeholders |
1 ECs (Primary Customers) | • Electrification Security FIT assistance | • Manual of Approvals • NEA Citizens Charter • Alternative Dispute Resolution (ADR) • Administrative Committee (ADCOM) Rules • EC District Election Guidelines • Guidelines on Energization • Loan Policies • Policy on Fast Lane and Tracking Documents |
2 EC Member Consumers | • Electrification • EC Governance and Performance • EC Operational Efficiency | |
3 Legislative and Executive Branches of Government, Oversight Bodies | • Electrification • NEA and EC Governance and Performance • Customer satisfaction • Compliance to laws, rules and regulations | • Policy/Compliances on the Submission of Reportorial Requirements • Budget and in-Aid of Legislation Hearings |
4 Power suppliers | • Guarantee payment of EC power purchases | • Manual of Approvals • NEA Citizens Charter • Policy on Fast Land and Tracking of Documents |
5 LGUs | • EC Governance and Performance • Customer satisfaction | |
6 Lending Institutions (Domestic and Foreign) | • Funds Sourcing • Loan Payment • Technical assistance | • Loan Policies and Agreements |
7 Media (Local and Foreign) | • Information and Education Dissemination | • Media Releases |
8 Academe | • Capacity building for NEA and ECs | • Memorandum of Agreements |
9 Suppliers/ Manufacturers | • Technical specifications of materials and equipment • Price index | • Orientation and Consultation Fora (Energization Projects) |
42.1 | On Institutional Matters: | |
(a) | The latest version of its Charter; and, | |
(b) | Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01. | |
42.2 | On the Board and Officers: | |
(a) | Complete listing of the Board Members and Officers with attached resume, and their membership in Board Committees; | |
(b) | Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowances; | |
(c) | Information on Board Committees and their activities; and, | |
(d) | Attendance record of Board Members in Board and Committee meetings. | |
42.3 | Financial and Operational Matters. | |
(a) | Their latest annual Audited Financial and Performance Report within thirty (30) days from receipt of such Report; | |
(b) | Audited Financial Statements in the immediate past three (3) years; | |
(c) | Quarterly, and Annual Reports and Trial Balance; | |
(d) | Current Corporate Operating Budget (COB); | |
(e) | Local and foreign borrowings; | |
(f) | Government subsidies and net lending; | |
(g) | All borrowings guaranteed by the Government; | |
(h) | Any material risk factors and measures taken to manage such risks; and, | |
(k) | Performance Evaluation System (PES). | |
42.4 | On Governance Matters. | |
(a) | Charter Statement/Mission-Vision Statements; | |
(b) | Performance Scorecards and Strategy Map; | |
(c) | Organizational Chart; | |
(d) | Manual of Corporate Governance; | |
(e) | CSR Statement; and, | |
(f) | Balance Scorecard. | |
42.5 | Such other information or report that the GCG may require. |
43.1 | The ICRS shall provide a platform for the electronic submission of various reportorial requirements such as financial statements, list of directors and officers, compensation, operating budgets and performance commitments; |
43.2 | Reports provided under the Disclosure and Transparency Requirements in the Ownership and Operations Manual and the government corporate standards governing GOCCS shall also be incorporated into the System; |
43.3 | The ICRS shall also be linked initially to National Government Agencies with Corporate dealings, such as with the Commission on Audit (COA), Department of Finance (DOF), the Department of Budget and Management (DBM), and eventually to the Public Financial Management System and the Government Integrated Financial Management Information System (GIFMIS); and, |
43.4 | Acting through its Board and Management, the Corporation shall ensure that it becomes an active and responsible member and contributor to the ICRS. |
(a) | Performance Scorecards; |
(b) | Implementation of the audit recommendations of COA; and, |
(c) | Compliance with commitments on servicing loans to, and borrowings guaranteed by, the National Government. |
(a) | Common Form financial statements based on annual audited financial statements within thirty (30) days from receipt of the report; | |
(b) | Dividend computations and payments in accordance with Republic Act No. 7656, also known as “The Dividends Law;” | |
(c) | Cash and investment balances; | |
(d) | Capital Expenditure Program; | |
(e) | Statement of Financial Operations; | |
(f) | Acquisition or Disposition of Assets; | |
(g) | Off Balance Sheet Transactions; and, | |
(h) | Reports for the annual corporate budget call such as but not limited to the following: | |
(1) | Physical and Financial Performance reports (the immediately preceding three (3) years); and, | |
(2) | Sources and Uses of Funds (the immediately preceding three (3) years) and the proposal for the coming year. |
47.1 | Corporate Government Standards. Relieving or excusing NEA, the Members of the NEA Board and Officers, from complying with more rigorous standards of corporate governance as those required by regulatory agencies having jurisdiction over their business enterprises or the industry in which they operate, such as the DOE and GCG. |
47.2 | Reportorial Requirements. A waiver of the separate reportorial requirements mandated by the regulatory agencies that have jurisdiction over the NEA and its business operations. |
47.3 | Administrative and Criminal Liabilities. A waiver of the administrative or criminal liabilities imposed by existing laws, rules and regulations, such as the Anti-Graft and Corrupt Practices Act, and the Code of Conduct and Ethical Standards for Public Officials and Employees for Government Officials for offenses or breach of ethical standards committed by Members of the NEA Board, Officers and employees of NEA. |