Section 6
SEC. 6. Section 10 of Presidential Decree No. 1080, as amended, is hereby amended to read as follows: "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 nine (9) members as follows: "a) 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 act as Chairman; "b) 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; "c) The Secretary of Trade and Industry. Whenever the Secretary of Trade and Industry is unable to attend a meeting of the Board, he shall designate an Undersecretary to attend as his alternate; "d) The Governor of the Bangko Sentral ng Pilipinas. Whenever the Governor of the Bangko Sentral ng Pilipinas is unable to attend a meeting of the Board, he shall designate a Deputy-Governor as his alternate; "e) 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-General of the Authority to attend as his alternate; "f) The Chairman of the Philippine Overseas Construction Board. Whenever the POCB Chairman is unable to attend a meeting of the Board, he shall designate the POCB Vice-Chairman to attend as his alternate; and "g) Three (3) representatives from the private sector, at least one of which shall come from the export community, who shall be elected by the ex officio members of the Board and who shall hold office for a term of not more than two (2) consecutive years: Provided, That the representative from the private sector should be of known probity in the sector he represents."