Chapter II

ORGANIC LAW PANAMA CANAL AUTHORITY
PANAMA LEGISLATIVE ASSEMBLY
LAW No. 19
(of June 11, 1997)
"WHEREBY THE PANAMA CANAL AUTHORITY IS ORGANIZED"

Chapter II - Administrative Organization


Article 12. The Board of Directors shall establish policies for the operation, improvement, and modernization of the Canal, as well as supervise its management pursuant to the National Constitution, this Law, and the Regulations.

The Administrator shall implement the policies issued by the Board of Directors and shall have responsibility for the daily operation of the Canal and the required authority for its execution.

Section One: Board of Directors