Section 7Sec./Art. 7

Governing Board. -

(a)The Philippine Tax Academy shall have a governing board to be known as the Board of Trustees, composed of the following:

(1)Representative from the DOF - ex officio Chairperson;

(2)Representative from the BIR - ex officio Vice Chairperson;

(3)Representative from the BOC - ex officio Vice Chairperson;

(4)Executive Director of the BLGf - member; and

(5)Three (3) representatives from the academe with at least five (5) years of teaching experience from a reputable school.

(b)The representatives from the DOF, the BIR and the BOC shall be appointed by the President of the Philippines from the nominees of the Secretary of Finance.

(c)The representatives coming from the academe shall be appointed from the nominees of the state universities and/or accredited private educational institutions, chosen on the basis of years of experience, integrity, probity and proven expertise in the field of taxation, public finance, public administration and have taught in a reputable school for the same number of years.

(d)The members of the Board of Trustees shall serve for a term of three (3) years. In case of vacancy in the Board, the person so appointed or designated shall serve only for the unexpired term.

(e)The members of the Board of Trustees shall serve without compensation for the performance of their functions, but they shall be entitled to reasonable honoraria, allowance or per diem pursuant to existing laws and regulations.