Inquirer
DOJ: Cocochem directors from private sector no need to file SALN
Directors of Cocochem from the private sector are not required to submit Statements of Assets, Liabilities, and Net Worth (SALNs), according to a legal opinion from the Department of Justice (DOJ).
The DOJ, through Undersecretary Raul T. Vasquez, stated that these private directors were elected by private shareholders and are not considered public officers.
Because they are not public officers, the private directors are exempt from Republic Act No. 6713, which mandates SALN submissions for all public officials and employees.
The legal opinion was sought by the Presidential Commission on Good Government (PCGG) following previous DOJ declarations classifying Cocochem as a government-owned and controlled corporation (GOCC).
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