This case has been cited 1 times or more.
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2006-08-28 |
CARPIO, J. |
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| The Court notes that petitioner did not motu proprio issue the assailed Resolution and Orders suspending and removing respondent as AKELCO general manager. The AKELCO-BOD initiated the suspension and termination of respondent through the issuance of Board Resolutions. The AKELCO-BOD submitted its Board Resolutions suspending and removing respondent to NEA for approval. This procedure is in accordance with Section 24(a) of PD 269, as amended, which states in part that "the management of a cooperative shall be vested in its Board [of Directors], subject to the supervision and control of NEA which shall have the right to x x x approve all policies and resolutions." In approving the AKELCO-BOD resolutions, petitioner was acting pursuant to the authorization[48] issued by the NEA-BOA. More importantly, the NEA-BOA confirmed petitioner's issuances approving the suspension and removal of respondent. | |||||