Memorandum Circular No. 42-A




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ Memorandum Circular No. 42-a, December 10, 1987 ] SUPPLEMENTING MEMORANDUM CIRCULAR NO. 42 REQUIRING ALL CHAIRMEN, DIRECTORS AND HEADS OF COMPANIES AND CORPORATIONS FORECLOSED OR TAKEN OVER BY THE GOVERNMENT TO TENDER THEIR RESIGNATION. For the information and guidance of all concerned, attached is the list of companies and corporations submitted by the Committee on Privatization pursuant to Memorandum Circular No. 42 dated November 16, 1987. The resignation of the Chairmen, Directors and Heads of Companies mentioned in the said list may be forwarded to the Office of the President as soon as possible. This Memorandum Circular takes effect immediately.1aшphi1 By authority of the President: (Sgd.) CATALINO MACARAIG, JR. Executive Secretary December 10, 1987 Reference: List of Companies & Corporations covered by Memorandum Circular No. 42 The Lawphil Project - Arellano Law Foundation