Board of Directors; Composition.
Section 10
SEC. 10. Board of Directors; Composition. — The powers and functions of the Corporation shall be exercised by a Board of Directors, hereinafter referred to as the Board, which shall be composed of five (5) members, as follows: The Secretary of Finance, who shall be the Chairman of the Board. Whenever the Secretary of Finance is unable to attend a meeting of the Board, he shall designate an undersecretary to attend as his alternate, who shall not act as Chairman. The President of the Corporation, who shall be the Vice-Chairman of the Board, shall assist the Chairman and act in his stead in case of absence or incapacity. The Secretary of Industry. Whenever the Secretary of Industry is unable to attend a meeting of the Board, he shall designate and undersecretary to attend as his alternate. The Director General of the National Economic and Development Authority. Whenever the Director General is unable to attend a meeting of the Board, he shall designate a deputy director general of the Authority to attend as his alternate. The Solicitor General. Whenever the Solicitor General is unable to attend a meeting of the Board, he shall designate an assistant solicitor general to attend as his alternate.