RA 7306 Section 12

Term of the Members of the Board.

Section 12

SEC. 12. Term of the Members of the Board. - The initial appointees of the President of the Philippines shall have the following terms: Three (3) directors, one from each sector, for two (2) years; and The other two (2) directors, one (1) each from the government and private sector, for four (4) years. Subsequent appointees shall serve a term of four (4) years, without reappointment. Appointment to any vacancy in the Board shall be for the unexpired portion of the term of the predecessor. The members shall elect among themselves one who will serve as Chairman of the Board. The Board shall meet at least twice a month to discuss matters of policy in order to effectively carry out the provisions of this Act.

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Other provisions in TITLE V - CORPORATE STRUCTURE

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 7306 Section 12 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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