Section 4June 6, 1973, Sec./Art. 4

Board of Trustees. The governance and policy direction of the Academy shall be vested in, its powers exercised by, a Board of Trustees, which shall be composed of fifteen members, as follows:

(a) The Secretary of Finance

(b) The Executive Secretary

(c) The Secretary of National Defense

(d) The Director-General of the National Economic and Development Authority

(e) The Governor of the Central Bank of the Philippines

(f) The Chairman of the Board of Governors of the Development Bank of the Philippines

(g) The General Manager of the Government Service Insurance System

(h) The Administrator of the Social Security System

(i) The President of the Philippine National Bank

(j) One member, to be appointed for a term of two years by the aforenamed Trustees, who shall be a Muslim Filipino of national prominence.

(k) The President of the Academy.

The Trustees shall not receive any compensation or remuneration for their services as such, but they may be reimbursed for actual expenses incurred in discharging the business of the Academy.