ic of the Philippines National Electrification Administration 27 July 2007 t INSTITUTIONAL ADVISORY NO._o2 _ Series of 2007 To ‘ ALL ELECTRIC COOPERATIVES (RCs) SUBJECT GRANTING OF INCENTIVES TO OUTGOIN MEMBERS BOARD OF DIRECTORS The Board of Directors contributes to a large extent for the fealization of the vision and mission of an electric cooperative (EC). As the governing body that formalene policies, it helps Significantly in transforming the coop into a dependable and reliable orannearnn that provides Wil service to the community. “Thus, the Board has its share of obligates and responsibilities wih the management in maintaining the coop's viability and efficiency Through the years, members of the Board come and go, leaving behind thei records of valuable service. Except for the usual per diem and reimbursable expenses, the lave Prohibits them from receiving any form of emolument. ‘Thus, upon separation fom the coop, 1 Director should not receive any financial benefit, tis on this context that NEA has decided ts dev ne away by which (0 compensate deserving outgoing members of the Board of Directors Henceforth, only the period when a coop is under categories AVA shall an outgoing Director be {milled to reevive a token incentive. No token shall be granted when ny be is under the other lower categories, This shall be valued equivalent to the existing rate of per diems granted per mouth multiplied by the actual number of years served in the coop, bul not exceeding nine (9) Depiky Administrator « Electric Distribution Utilities Services NATIOWL cLecratrrcaTton ‘ADMINISTRATION i: soho tongs iam NIA Road, Government Cote, Diliman, Quezon City. Metra Mania, Pipins Te No 999-1900