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The Commission shall be governed by a Governing Board composed of ten (10) standing members and two (2) adjoined members. Adjoined members shall have an advisory function within the Governing Board and shall have voice participation in meetings but no vote. The Governing Board shall be constituted as follows:(a) Standing government representation. —(1) The Cooperative Development Commissioner, who shall chair the Governing Board.(2) The Secretary of Economic Development and Commerce, who may delegate his/her participation onto a high-ranking official of the Department of Economic Development and Commerce.(3) The Director of the Cooperative Movement Institute.(4) The Secretary of Labor and Human Resources, who may delegate his/her participation onto a high-ranking official, that is, onto an Undersecretary or an Assistant Secretary, as applicable.(5) The Secretaries of Housing and Agriculture, who shall alternate every two (2) years as participating members of the Governing Board. Provided, That these may delegate their intervention at the Governing Board onto an agency high-ranking official, such as an Undersecretary or an Assistant Secretary, as applicable.

Governing Board. Provided, That these may delegate their intervention at the Governing Board onto an agency high-ranking official, such as an Undersecretary or an Assistant Secretary, as applicable. The first two (2) year turn shall be assumed by the Secretary of Housing as of the date of approval of this act.(b) Standing cooperative movement representation. —(1) One (1) representative from the Cooperative League, appointed by its Board of Directors.(2) One (1) representative from cooperative savings and credit unions who is a member of a Board of Directors of a Cooperative Savings and Credit Union base, elected by such cooperatives, as provided further below.(3) One (1) representative from insurance cooperatives, appointed by these, as provided further below.(4) One (1) representative from cooperative savings and credit unions who is the Executive President of a Cooperative Savings and Credit Union base, elected by these cooperatives, as provided further below.(5) One (1) representative from organized diverse cooperatives, elected by these cooperatives, as provided further below.(c) Adjoined members.

elected by these cooperatives, as provided further below.(5) One (1) representative from organized diverse cooperatives, elected by these cooperatives, as provided further below.(c) Adjoined members. —(1) The Executive President of the Corporation.(2) The Executive Director of the FIDECOOP. History —Aug. 10, 2008, No. 247, § 5, eff. Feb. 1, 2009.