Section 14Sec./Art. 14

Board of Directors of the FAB. - The powers of the AFAB shall be vested in and exercised by a Board of Directors, hereinafter referred to as the Board, which shall be composed of the following:

(a) The chairman who shall, at the same time, be the administrator of the AFAB;

(b) A vice chairman who shall come from among the members of the Board;

(c) Members consisting of:

(1) Two (2) representatives from the National Government;

(2) One (1) representative from the Province of Bataan;

(3) One (1) representative from the district covering the site of the FAB;

(4) One (1) representative from the Municipality of Mariveles, Province of Bataan;

(5) One (1) representative from the domestic investors;

(6) One (1) representative from the foreign investors; and

(7) One (1) representative from the workers working in the FAB.

The chairman and the members of the Board, shall be appointed by the President of the Philippines to serve for a term of six (6) years, unless sooner separated from service due to death, voluntary resignation or removal for cause. In case of death, resignation or removal for cause, the replacement shall serve only the unused portion of the term.

Except for the representatives of the business and labor sectors, no person shall be appointed by the President of the Philippines as a member of the Board unless he is a Filipino citizen, of good moral character, of proven probity and integrity, and a degree holder in any of the following fields: economics, business, public administration, law, management or their equivalent, and with at least ten (10) years relevant working experience preferably m the field of management or public administration.

The members of the Board shall each receive per diem at rates to be determined by the Department of Budget and Management (DBM) in accordance with existing rules and regulations: Provided, however, That the total per diem collected each month shall not exceed the equivalent per diem for four (4) meetings.