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Philippines: Drilon defends E.O. suspending allowances of GOCCs.
Section: General News - Senator Franklin Drilon on Wednesday defended the legality of Executive Order (EO) 7 which ordered the suspension of bonuses and allowances of the governing boards of state enterprises until year-end, saying that it was only proper for such to stop the bleeding of government coffers.
Drilon said that it was only proper for President Benigno Simeon C. Aquino III to issue the directive, adding that pending the approval of Congress of a proposed law that creates a new compensation scheme for state enterprises, the directors or trustees could have gone their merry-way and abused their prerogative in appropriating for themselves excessive perks.
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