Composition of the Board of Trustees.
Section 5
SEC. 5. Composition of the Board of Trustees.—The corporate powers of the PHILCORIN shall be vested in and exercised by a Board of Trustees, which shall be composed of the Chairman of the National Science Development Board, who shall serve as Chairman; the Chairman of the Philippine Coconut Administration; the Dean of the U. P. College of Agriculture; the Director of the Bureau of Plant Industry; one recognized scientist to be pointed for a term of three years by the Chairman of National Science Development Board; two representatives of coconut growers; one representative of coconut manufacturers or processors; and one representative of coconut exporters: Provided, That of the representatives of coconut growers first appointed, one shall serve for one year, the other for two years, and thereafter every representative so appointed shall serve for two years; the representative of the coconut manufactures/processors shall serve for two years; and the representative of the coconut exporters first appointed shall serve for one year and thereafter every representative so appointed shall serve for two years: Provided, however, That the representatives of coconut growers, & the representative of coconut manufacturers/processors and the representative of coconut exporters shall be appointed by the corresponding organization of coconut growers, coconut manufacturers/ processors or coconut exporters, whichever may be the case, having the largest amount of donations to the support and maintenance of the PHILCORIN during the next preceding fiscal year: Provided, finally, That the term of office of the representatives from the private sector shall commence on July first, of the corresponding year. The Vice-Chairman of the Board of Trustees shall be elected from among the representatives of the coconut growers, manufacturers, and exporters mentioned above. Representatives of foreign organizations, associations or entities extending assistance and support to PHILCORIN shall act as advisers and may participate in the deliberations of the Board: Provided, That said representatives shall not be entitled to vote on any matter taken by the Board.