SEC. 6. Section 7 of the same Act is hereby amended to read as follows:
"SEC. 8. Board of Trustees. - There shall be a Board of Trustees composed of the secretary of the DOST as ex officio Chairman, the secretary of DECS as ex officio Vice Chairman and the following members: The President of the U.P., the Executive Director of PSHS, the Director of the Science Education Institute (SEI), the President from the PSHS National Alumni Association, and the chairpersons of the congressional committees on science and technology as ex officio members; and one (1) representative each from the private sector representing higher education, education for the gifted, industry, agriculture, and new and emerging technologies. The private sector representatives shall be appointed by the Board of Trustees upon recommendation of a duly constituted search committee. As much as practicable, the private sector representatives shall come from the various geographic regions. For the first set of appointments, three (3) of them shall serve for four (4) years, while the other two (2) for two (2) years, thereafter, succeeding appointments shall have a fixed term of four (4) years.
The Board shall exercise the following powers:
Formulate policies and guidelines for the administration and operation of the PSHS System;
Establish a PSHS campus in each of the administrative regions;
Approve appointment, promotion, retention, renewal, rewards and incentives for faculty and staff, fix their compensation and other conditions of employment, and remove them for cause after proper investigation and hearing;
Approve the curricula submitted by the Executive Director;
Approve the criteria for the selection and admission of students;
Approve the grant of scholarship, stipend and such allowances for students;
Approve the graduation of successful candidates from the various PSHS campuses;
Formulate policies and rules of discipline for students, faculty and staff;
Approve the PSHS System budget, receive and appropriate to the ends specified by law such sums as may be provided by law for the support of the System;
Receive grants whether cash, land, buildings and improvements thereof; donations, contributions, bequests, gifts, and to formulate policies for the administration thereof;
Approve the use of all income generated by the school in the pursuit of its functions and donations received in trust by individual campuses, according to the purpose of the donor and intention of the donation. In cases where income/donation received is not intended for a particular campus, the Board shall likewise appropriate the same for the benefit of the System or any part thereof;
Develop policies for the expansion of enrollment in the campuses under the PSHS System;
Establish policies and formulate guidelines/criteria, requirements necessary to rationalize the establishment and operation of science high schools under the System in order to maintain the quality and uniform standard inherent of a bona fide PSHS; and
Prepare strategic plans to enhance the capability of the System in developing human resources with focus on youth with special talents in science and mathematics."