Memorandum No. 2020-001 also known as “Code of Governance for Electric Cooperatives” issued by the National Electrification Administration (NEA) to all Electric Cooperatives (ECs) was amended through Memorandum No. 2023-32.

With the removal of Sec. 5 Multiple Board Seats, which states that “No EC Director shall hold Board seats in other businesses of the EC, such as transmission, generation, supply and foundation except in EC associations or allied organizations,” the EC Directors are now allowed to act as Directors in other agencies or institutions.

Concerned EC Directors are strictly reminded to perform their duties and responsibilities and prioritize the welfare of their respective cooperatives and avoid possible conflicts of interest between their functions in their other positions.

The said amendment was filed with the University of the Philippines (UP) Law Center on 23 June 2023. ###