The memorandum from January 8, 2021, outlines the order of succession for the Chief Executive Officer (CEO) position at the United States International Development Finance Corporation (DFC). If the CEO becomes unable to fulfill their duties, the Deputy CEO, Chief Operating Officer, and other specified officials will assume the role, but only if they are not in an acting capacity and are permitted by law. The President retains the right to override this order if necessary. Additionally, the memorandum ensures that it doesn't grant any legal rights to challenge its decisions.
Simple Explanation
If the boss at a special government company called the DFC can't do their job, there's a plan for who takes over, like a list of backup leaders. But the President can still choose someone different if they want.