Guide to the Magna Carta for Micro Small and Medium Enterprises

within fifteen (15) days from their constitution, initiate the process of selectionwhich shall include the setting of criteria for selection and the process foraccepting nominations from accredited labor groups, in the case of the laborsector representative, and by recognized trade associations, chambers,cooperatives, and/or business organizations, in the case of the MSMErepresentatives. The nominations committee may also utilize existingguidelines on selection of Council members which shall include genderrepresentation. They may also include as part of their selection process theidentification of MSME nominees by category, i.e., micro, small and mediumbut shall ensure that each of the major island groupings, i.e., Luzon, Visayasand Mindanao, shall have one representative each.The nominations committee, within forty five (45) days from its constitutionshall submit a shortlist of nominees to the Chair of the MSMEDC who shallthen endorse the shortlist to the President for appointment. The BMSMEDshall assist the nominations committee in the selection process and shallensure that the nominees involvement in local or regional activities concerningMSMEs shall be presented, with regard to the MSME representatives. TheBMSMED shall also ensure that it shall receive from the appropriategovernment agency the current list of accredited labor groups.Sec. 5. Term of Office. All members of the Council so appointed, except forthe ex- officio members, shall serve for a term of three (3) years. The personso appointed to replace a member who has resigned, died, or been removedfor cause shall serve only for the unexpired portion of the term.In the case of the private banking sector, the three (3) year term shall beserved alternately by the identified associations at one (1) year each. Thesequence of service shall be based on the agreement reached by the bankassociations. The bank associations shall inform the MSMEDC in writing oftheir representatives and the particular part of the term that he/she shallserve.Sec. 6. Authorized Per Diems and other expenses. The private sector membersof the Council shall receive per diem of Two thousand pesos (P2,000) permeeting, for a maximum of twenty-four (24) meetings per year. Said per diemmay be adjusted by the MSMED Council as appropriate. Accommodation,travel and transportation expenses and meals during meetings shall not beincluded in the afore-mentioned per diem and shall be shouldered by theMSMEDC. The per diems and other expenses shall be taken from theMSMEDC’s appropriations under the General Appropriations Act.Sec. 7. Resource Persons during deliberations. The Council may call uponthe participation of any national or local government agency, association oflocal government officials or private sector organization in its deliberations29