MALACAÑANG

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

ADMINISTRATIVE ORDER NO. 147

CREATING A SPECIAL COMMITTEE TO STUDY THE LEGALITY AND PROPRIETY OF THE PETRON EMPLOYEES STOCK OWNERSHIP PLAN

I, FIDEL V. RAMOS, President of the Philippines, by virtue of the power vested in me by law, do hereby create a Special Committee to study the legality and propriety of the Petron employees Stock Ownership Plan, composed of:

Chairman
Hon. Luis C. Liwanag II

Deputy Executive Secretary, OP

Member
Hon. Edijer A. Martinez

Executive Director, S.E.C.

Member
Mr. Meliton V. Salazar

Representative of Private Sector

The Committee is hereby authorized to call upon any department, bureau, office, agency, or instrumentality of the Government for such assistance as it may need in the performance of its functions.

The Committee shall submit its findings and recommendations within ninety (90) days hereof.

This Administrative Order shall take effect immediately.

Done in the City of Manila, this 6th day of September, in the year of Our Lord, nineteen hundred and ninety four.

(Sgd.) FIDEL V. RAMOS
President of the Philippines

By the President:

(Sgd.) TEOFISTO T. GUINGONA, JR.

Executive Secretary

Source: Malacañang Records Office

Office of the President of the Philippines. (1994). [Administrative Order Nos. : 101 – 200]. Manila : Malacañang Records Office.