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...Manual of corporate governance it is the policy bases conversion and development authority bcda to actively promote pursue reforms consciously observe principles accountability transparency with utmost degree professionalism effectiveness board directors hereby adopts this steer organization toward excellence competitiveness locally globally thus enabling be a valuable partner government in national i definition interpretation terms unless otherwise provided elsewhere following shall mean as follows ad hoc committees created address particular issues which may include operational matters are temporary nature dissolved after they have served purpose specified for their creation membership committee representatives management affiliate corporation fifty percent or less outstanding capital stock owned by collegial body that exercises powers republic act no ra charged functions governing conducting business monitoring charter also known amended code goccs promulgated commission controlled ...