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The Board Secretariat is the office entrusted to assist the Directors of the Subic Bay Metropolitan Authority (SBMA) in carrying out its mandate of developing the Subic Special Economic and Freeport Zone into a self-sustaining, industrial, commercial, financial and investment center to generate employment opportunities in and around the Zone, to attract an promote productive foreign investments, to accelerate the sound and balanced conversion into alternative productive uses of the former Subic Naval Base and its contiguous extensions, and to enhance the benefits to be derived for the Zone in order to promote the economic and social development of Central Luzon in particular and the country in general.
The Board Secretariat is the office entrusted to assist the Directors of the Subic Bay Metropolitan Authority (SBMA) in carrying out its mandate of developing the Subic Special Economic and Freeport Zone into a self-sustaining, industrial, commercial, financial and investment center to generate employment opportunities in and around the Zone, to attract an promote productive foreign investments, to accelerate the sound and balanced conversion into alternative productive uses of the former Subic Naval Base and its contiguous extensions, and to enhance the benefits to be derived for the Zone in order to promote the economic and social development of Central Luzon in particular and the country in general.
The Secretariat's role is to assist the Office of the Chairman and Administrator in facilitating the government, conduct, management and control of the Agency by coordinating the control of information and decisions between the Board and the Management. The activity id carried out most visibly through the facilitation of meetings of the Board and its Committees. Maintenance of the official record of Board decisions, in the form of resolutions, is a major responsibility.
The Board Secretariat also assists the Board of Directors in their membership to various Committees as may be approved by the Board. The Board shall have mandatory committees, namely the Executive Committee, the Finance Committee, Audit and Risk Committee and the Governance Committee as part of Good Governance. The Board may form other Committees to assist them in the performance of their positions.
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