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The first iteration of the LTFRB was established on November 17, 1902, through the passing of Act No. 520. [2] The commission is in charge of classifying vessels, merchandise, and passengers in with reference to transportation under the coastwise trade, and fixing the maximum rates to be imposed on the vessels and merchandise of different classes, and people that are being moved from one point ...
An outside director is a member of the board who is not otherwise employed by or engaged with the organization, and does not represent any of its stakeholders. A typical example is a director who is president of a firm in a different industry. [11] Outside directors are not employees of the company or affiliated with it in any other way.
The administrator is appointed by the President of the Philippines, as recommended by the Board of Directors, who shall have the rank of an Assistant Secretary. Five (5) Deputy Administrators appointed by the Board of Directors shall assist the Administrator, and who will be charged with the following specific concerns:
Internal corporate governance controls monitor activities and then take corrective actions to accomplish organisational goals. Examples include: Monitoring by the board of directors: The board of directors, with its legal authority to hire, fire and compensate top management, safeguards invested capital. Regular board meetings allow potential ...
In corporate law, the directors register is a list of the directors elected by the shareholders, generally stored in the company's minute book.By law, companies are required to keep this list up to date to remove those directors who are deceased or resign, and to add those who have been elected by the shareholders [1] However, the register must also list any person who had been a director ...
Sangguniang Panlalawigan (abbreviated as SP; lit. ' provincial council '), commonly known as the Provincial Board, are the legislatures in Philippine provinces.They are the legislative branches of the provinces, and their powers and responsibilities are defined by the Local Government Code of 1991. [1]
The National Telecommunications Commission (NTC; Filipino: Pambansang Komisyon sa Telekomunikasyon) is the telecommunications regulator of the Philippines.. It is an attached agency of the Department of Information and Communications Technology responsible for the supervision, adjudication and control over all telecommunications services and radio and television networks throughout the country.
It started operations on March 31, 2008 when the three organization signed an agreement with the Advertising Board of the Philippines (AdBoard). Under the deal, the ASC took over the screening function of the Adboard through its Advertising Content and Review Committee (ACRC). The Adboard would later become defunct in July 2016. [1]