Section 2
SEC. 2. The Corporation shall be governed and its activity shall be directed, controlled and managed by a Board of Directors which shall be composed of the Secretary of National Defense, the Chief of Staff of the Armed Forces of the Philippines, the President of the PEFTOK Veterans Association, Incorporated and six (6) other persons who shall be designated by the President of the Philippines from a list of qualified PEFTOK veterans. The six (6) persons so designated shall serve and act as Directors from the date hereof until their successors are elected and qualified as provided for in the by-laws of the Corporation.