(a) The Executive Director of the Company shall be appointed by the Administrator, subject to approval by the Governor. He shall hold office at the pleasure of the Administrator. His compensation shall be such as the latter may determine.(b) The Executive Director shall direct and supervise all the activities of the Company, according to the rules set in this chapter and in the Company’s bylaws.(c) All other officers of the Company shall be appointed by the Executive Director of the Company with the approval of the Administrator, their powers and duties to be determined in accordance with the Company’s bylaws. History —June 21, 1966, No. 90, p. 288, § 11.
Puerto Rico Legal Code