Amendment
Section 1.
Amendment .—Section 3A of EO No. 8, as amended, is hereby further amended to read as follows:
"Section 3A. PPP Governing Board .—The PPP governing Board is hereby created, which shall be the overall policy-making body for all PPP-related matters, including the PDMF. It shall be responsible for setting the strategic direction of the PPP Program and creating an enabling policy and institutional environment for PPP.
The PPP Center shall report directly to the PPP Governing Board which shall be composed of the following:
Chairperson
:
Secretary of Socio-Economic Planning
Vice-Chairperson
:
Secretary of Finance
Members
:
Secretary of Budget and Management;
Secretary of Justice;
Secretary of Trade and Industry;
Executive Secretary; and
One (1) representative from the private sector, coming from a reputable organization in the banking, business, or infrastructure sector, to be appointed by the President.
The private sector representative shall promptly notify the PPPGB of any actual, perceived, or potential conflict of interest which could affect the performance of his/her duties as a member of the Governing Board. £A⩊phi£
The Chairperson and three (3) other members of the Board shall constitute a quorum and a majority vote of the members present shall be necessary for the adoption of any issuances, order, resolution, decision, or other act of the Board in the exercise of its functions.
The PPP Center shall act as Secretariat of the PPP Governing Board."