Governing board.
Section 4
SEC. 4. Governing board. — The Council shall be governed by a Board of Directors consisting of fifteen members, eight of whom shall be appointed by the President of the Philippines from nominees of major commodity groups into which the members shall be classified. The remaining directors shall be elected by the members of the Council. The term of office of the members of the Board shall be three years and they may be re-appointed or re-elected, as the case may be. The members of the Board shall elect from among themselves a Chairman and a Vice-Chairman: Provided, That, during the first two years of the Council, the Secretary of Trade and Tourism shall serve as Chairman of the Board. a. The Board shall prescribe guidelines and rules for compliance by the members, which shall enhance the collective strength of the Council, promote ethical conduct among the members and provide for effective management of the affairs of the Council. b. The Board shall approve an annual and such supplemental budgets as may be necessary for the administration and operation of the Council.