P.R. Laws tit. 23, § 671c
The Executive Director of the Company shall be appointed by the Board and shall exercise the office at the will of the Board. He shall be selected exclusively on the basis of his merits, which shall be determined taking into consideration the technical preparation, skill, experience, and other aptitudes which qualify him particularly to carry out the purposes of this chapter.
He shall be the executive officer of the Company; he shall have all powers and duties assigned to him by the Board; he shall be responsible to the latter for the execution of its policy and for the general supervision of the operational phases of the Company; he shall be in charge of the general supervision of the officers, employees, and agents of the Company; and he shall attend all meetings of the Board, but without voting rights.
History —June 18, 1970, No. 10, p. 413, § 4.