P.R. Laws tit. 15, § 508
(a) Appointments, removals, promotions, transfers, cessations, reinstatements, suspensions, leaves and changes in grade, compensation or title of the officers and employees of the Company shall be made by the Executive Director in accordance with such rules and regulations as may be prescribed by the Board of Directors. Said rules and regulations, insofar as the Company deems they are compatible with its interests and the public interest, shall follow the rules according to the employer’s statement issued by the Labor Relations Board under §§ 62 et seq. of Title 29, as amended, complying with the areas essential to the Principle of Merit. The officials and employees of the Company shall be entitled to reimbursement of the necessary travel expenses and the corresponding per diems as authorized or approved pursuant to the Company’s regulations.
All officers and employees of the Trust shall be employees of the Company.
The officers and employees who hold equal or similar positions to the positions that constitute the pertinent bargaining unit recognized in the collective bargaining agreement in effect of the Company shall be included in said unit, with all the rights and duties that this entails. If possible, the Classification and Compensation Plan in effect in the Recreational Development Company shall be adopted.
(b) No person shall hold an executive office in the Company who has a substantial direct or indirect financial interest in any privately owned enterprise which is financed by the Company, or with which the Company has business relations, or which is in competition with a business engaged in or financed by the Company.
History —June 23, 1961, No. 114, p. 234, § 8; Nov. 17, 1993, No. 90, § 6; Apr. 8, 2001, No. 10, § 7.