Section 4
SEC. 4. Section 4 of the Decree shall be amended to read as follows: "SEC. 4. Board of Directors. — The Corporation shall be governed and its activities shall be directed, controlled and managed by a Board of Directors which shall be composed of five (5) ex officio members, namely, the Executive Secretary, the Secretary of National Defense, the Secretary of Industry, the Chairman, Board of Governors of the Development Bank of the Philippines, the General Manager, Government Service Insurance System and two (2) other members to be appointed by the President of the Philippines. The two appointive directors shall each serve for a term of two (2) years. The President shall appoint a Chairman from among the seven directors."