Qualifications of Members of the Board.
Section 14
SEC. 14. Qualifications of Members of the Board.—The members of the Board shall be citizens of the Philippines, at least thirty (30) years old, of good moral character, and of recognized competence in the field of economics, finance, banking, commerce, industry, agriculture, engineering, management, law or labor, such competence to be certified by the association making the nomination or by the association whose members belong to the same profession, calling or occupation as the person appointed. No member of the Board may be a candidate for any elective office during his incumbency and within four (4) years from the date he ceases to be a member of the Board; nor shall he during his incumbency and for a period of seven (7) years thereafter invest or have any financial interest, direct or indirect, in any enterprise registered during his incumbency, except where such interest was acquired by intestate succession or as a compulsory heir in a testate succession.