`b) Secretary of the Interior and Local Government;
"c) Secretary of Science and Technology;
"d) Secretary of Tourism;
"e) Chairman of Small Business Corporation;
"f) Three (3) representatives from the MSME sector
to represent Luzon, Visayas and Mindanao;
"g) One representative from the labor sector, to be nominated
by accredited labor groups; and
"h) A representative from the private banking sector: to serve
alternately among the Chamber of Thrift Banks; the
Rural Bankers' Association of the Philippines (RBAP);
and the Bankers' Association of the Philippines (BAP).
"All members of the Council so appointed, except for the ex
officio members, shall serve for a term of three (3) years. The person
so appointed to replace a member who has resigned, died, or been
removed for cause shall serve only for the unexpired portion of the
"The private sector members of the Council shall receive per
diem of Two thousand pesos (P2,000) per meeting, for a maximum of
twenty-four (24) meetings per year, which per diem may be adjusted
by the MSMED Council as appropriate.
"The Council may call upon the participation of any national
or local government agency, association of local government officials
or private sector organization in its deliberations especially when
such agency or private sector organization is directly or indirectly
concerned with and/or affecting the growth and development of
MSMEs in any particular area or manner.
"The Council may create an Executive Committee of five (5)
members elected by the Council from among themselves or their
designated permanent representatives, with at least two (2)
members representing the private sector, and with authority to act
for and on behalf of the Council during intervals of council meetings,
and within the specific authority granted by the Council."