Revised Composition of Board of Trustees of Planters Foundation, Inc.
Letter of Instructions No. 1428, issued by President Ferdinand E. Marcos on September 22, 1984, aims to enhance the governance of the Planters Foundation Inc. to better serve the agricultural sector in the Philippines. It amends a previous directive (Letter of Instructions No. 178) concerning the purchase of the ESFAC fertilizer plant by Planters Products, Inc. (PPI) and the distribution of its equity among farmers. The amendment restructures the Board of Trustees of the Foundation to include key government officials and farmer representatives for improved coordination and policy implementation. Additionally, all relevant government agencies are instructed to support the execution of this directive, which takes effect immediately.
Quick Answers
- What is Revised Composition of Board of Trustees of Planters Foundation, Inc. about?
- Letter of Instructions No. 1428, issued by President Ferdinand E. Marcos on September 22, 1984, aims to enhance the governance of the Planters Foundation Inc. to better serve the agricultural sector in the Philippines. It amends a previous directive (Letter of Instructions No. 178) concerning the purchase of the ESFAC fertilizer plant by Planters Products, Inc. (PPI) and the distribution of its equity among farmers. The amendment restructures the Board of Trustees of the Foundation to include key government officials and farmer representatives for improved coordination and policy implementation. Additionally, all relevant government agencies are instructed to support the execution of this directive, which takes effect immediately.
- What type of law is Letter of Instructions No. 1428?
- Revised Composition of Board of Trustees of Planters Foundation, Inc. (Letter of Instructions No. 1428) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Revised Composition of Board of Trustees of Planters Foundation, Inc. enacted?
- Revised Composition of Board of Trustees of Planters Foundation, Inc. (Letter of Instructions No. 1428) was enacted on Sep 22, 1984.
- What is the citation for Revised Composition of Board of Trustees of Planters Foundation, Inc.?
- Revised Composition of Board of Trustees of Planters Foundation, Inc., Letter of Instructions No. 1428, Sep 22, 1984 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 1428
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 22, 1984
LETTER OF INSTRUCTIONS NO. 1428
TO : The Minister of Agriculture and Food
WHEREAS, Letter of Instructions No. 178 promulgated to facilitate the purchase of the former ESFAC fertilizer plant by Planters Products, Inc. (PPI) and the eventual dispersal of the equity of PPI among farmers/end-users of fertilizers;
WHEREAS, pursuant to said Letter of Instructions, Planters Foundation Inc. (Foundation), a non-stock and non-profit corporation was established to accomplish the spirit of the Letter of Instructions No. 178;
WHEREAS, in order to fully implement the role of the Foundation, there is a need to strengthen the composition of the Board of Trustees of the Foundation for closer coordination with the government policy makers on Agriculture and Fertilizer;
WHEREAS, in order to bolster the government policy to provide adequate assistance to the agriculture sector there is a need to streamline the management of the Foundation in order to benefit the farmers;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and direct the following: aisa dc
1) Amend Letter of Instructions No. 178 in order to achieve closer coordination between the Foundation and PPI with regard to the composition of the Board of Trustees of the Foundation to reflect as follows:
| a) | Minister of Agriculture and Food | Chairman |
| b) | Minister of Trade and Industry | Vice Chairman |
| c) | Minister of Finance | Member |
| d) | Governor of the Central Bank | Member |
| e) | President of Philippine National Bank | Member |
| f) | Two (2) Farmer Representatives to | |
| be appointed by the President upon | ||
| nomination of the Minister of Agriculture | ||
| and Food | Member |
2. All other Government agencies and instrumentalities involved in this arrangement are hereby enjoined to extend all assistance and cooperation necessarily for the implementation of this Letter of Instructions. acd
This Letter of Instructions shall take effect immediately.
DONE in the City of Manila, this 22nd day of September, in the year of Our Lord, Nineteen Hundred and Eighty-Four.
Cite This Law
Revised Composition of Board of Trustees of Planters Foundation, Inc., Letter of Instructions No. 1428, Sep 22, 1984 (Philippines)
Revised Composition of Board of Trustees of Planters Foundation, Inc., Letter of Instructions No. 1428 (Phil. 1984)
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- Dispersal of Ownership of the Planters Products Cooperative Marketing and Supply, Inc. Among All Fertilizer UsersLetter of Instructions No. 178 • Mar 28, 1974 • Presidential Issuances
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- Distribution of Farm Inputs and Equipment by the Cooperative Marketing System of the Philippines, Inc.Letter of Instructions No. 617 • Oct 21, 1977 • Presidential Issuances
- Reconstituting the Membership of the Local Water Utilities Administration Board of TrusteesExecutive Order No. 41 • Sep 15, 2017 • Presidential Issuances
- Increase in the Financial Exposure of the Republic Planters Bank in the Loan Guarantee FundLetter of Instructions No. 1231 • May 1, 1982 • Presidential Issuances
- Full Condonation of All Penalties and Sanctions on the Legal Reserve Deficiencies of the Republic Planters BankLetter of Instructions No. 1330 • Jun 6, 1983 • Presidential Issuances
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