1. The Secretary of Finance shall sit as the Chairperson in an ex officio capacity;
2. President and Chief Executive Officer (PCEO) of the MIC as Vice-Chairperson;
3. President and CEO of the LBP;
4. President and CEO of the DBP;
5. Two (2) Regular Directors; and
6. Three (3) Independent Directors from the private sector.

In case of a merger, consolidation, abolition, or dissolution of any of the founding GFIs, the seat in the Board of the absorbed, dissolved, or abolished GFI shall be filled by one of the next highest-ranking officers authorized by the Board of the GFI, which assumed the rights of the absorbed, dissolved, or abolished GFI.

Sec. 33 of the IRR provides that the Advisory Body shall solicit nominations and/or applications for vacancies in the PCEO, and Regular and Independent Director seats from the public and private sectors.

From the qualified nominees and applicants, the Advisory Body shall submit its list of nominees to the Office of the President not later than thirty (30) days from such vacancy. 

The PCEO of the MIC, and the Regular and Independent Directors of the MIC shall be appointed by the President of the Philippines upon recommendation of the Advisory Body.

1. Provide strategic leadership, vision, and management for the fund’s overall operations, aiming to maximize return on investment and contribute to the long-term economic prosperity of the nation;
2. Design and execute strategic initiatives that resonate with the fund’s objectives and align with the country’s broader financial and economic strategies;
3. Prepare the agenda for the meetings of the Board of Directors and to submit for the consideration of the Board of Directors the policies and measures which are necessary to carry out the purposes and provisions of R.A. No. 11954;
4. Execute and administer the policies and measures approved by the Board of Directors;
5. Develop the MIC’s business prospects by studying economic trends and revenue opportunities; projects acquisition and expansion prospects; and oversee financial performance and risk profiles while ensuring that all of regulatory obligations are met; and
6. Exercise such other powers as may be vested by the Board of Directors.”

1. an advanced degree (MBA, MA, MSc, PhD) in Finance, Economics, Business Administration, or a related field from a reputable university; additional professional certifications such as CFA or CPA is preferred;
2. exceptional experience and expertise in corporate management, financial planning strategy, strategic planning and vision, market and business development, budget development;
3. minimum of ten (10) years experience in finance or investment, with at least ten (10) years in a senior leadership role in a reputable financial institution, public/private sector organization; prior experience with ESG criteria and sustainable investment is preferred;
4. in-depth understanding of the industry, including risk management, compliance, and regulatory requirements; and
5. strategic knowledge of cash flow and capital planning management.

Sec. 39 of the IRR provides that the PCEO shall be appointed by the President of the Philippines, as recommended by the Advisory Body, for a term of three (3) years,  without prejudice to reappointment.

1. Citizen of the Philippines;
2. At least thirty-five (35) years of age; and
3. Must be of good moral standing and reputation, of recognized probity and independence, and have substantial experience and expertise in any of the following:

       
Citizen of the Philippines;
       
Investment in financial assets; and
       
Management of investments in the global and local markets.”

1. Education. A master’s degree is required. An advanced degree in finance, economics, business administration, or a related field is highly desirable;
2. Professional Experience. A minimum of ten (10) years experience in finance, investments, economics, business, or a related field is required. This experience should ideally include roles at a senior management level or within a board of directors of reputable financial institutions, investment firms, or sovereign wealth funds;
3. Track Record. Strong track record of (i) making strategic decisions, driving investment performance, (ii) understanding international financial markets, macroeconomic trends, and geopolitical influences, (iii) identifying and mitigating investment and operational risks, and (iv) ensuring prudent risk management practices; and
4. Ethical Standards. Demonstrated commitment to the highest ethical standards, integrity, and compliance with relevant laws and regulations.”

Sec. 24 of the IRR provides that the Regular Directors shall serve for a term of three (3)  years.

1. Education. A master’s degree is required. An advanced degree in finance, economics, business administration, or a related field is highly desirable;
2. Professional Experience. A minimum of ten (10) years experience in finance, investments, economics, business, or a related field is required. This experience should ideally include roles at a senior management level or within a board of directors of reputable financial institutions, investment firms, or sovereign wealth funds;
3. Track Record. Strong track record of (i) making strategic decisions, driving investment performance, (ii) understanding international financial markets, macroeconomic trends, and geopolitical influences, (iii) identifying and mitigating investment and operational risks, and (iv) ensuring prudent risk management practices; and
4. Ethical Standards. Demonstrated commitment to the highest ethical standards, integrity, and compliance with relevant laws and regulations.”

1. convicted by final judgment of an offense punishable by imprisonment for a period exceeding six (6) years;
2. found administratively liable for any offense involving fraudulent acts;
3. convicted by final judgment or found liable by a foreign court or equivalent foreign regulatory authority for acts, violations, or misconduct similar to those enumerated in paragraphs (a) and (b) above; and
4. or has a pending administrative, civil or criminal case relating to fraud, plunder, corrupt practices, money laundering, tax evasion, or any similar crimes involving misuse of money or breach of trust.”

1. If the Director subsequently possesses the disqualifications under Section 20 of RA No. 11954;
2. If the Director is physically or mentally incapacitated that the Director cannot properly discharge his duties and responsibilities and such incapacity has lasted for more than six (6) months; or
3. If the Director is guilty of acts or operations which are of fraudulent or illegal character or which are manifestly opposed to the aims and interests of the MIC.”

Sec. 40 of the IRR provides that “The CIOO, is responsible for regular administration duties of all investment files, communicating investment strategy and policies, managing and developing a team of financial analysts and investment professionals, supervising risk management across portfolios and ensuring sound investment policies are followed.”

1. master’s or advanced degree in Finance, Economics, Business Administration, or a related field.
2. must have a proven track record of at least ten (10) years in senior investment management roles, preferably within sovereign wealth funds, asset management firms, or large institutional investors; and
3. experience in successfully managing complex investment portfolios and driving robust investment strategies with a focus on long-term growth and risk management.

1. Expert knowledge of financial markets, investment instruments, and portfolio management strategies;
2. Familiarity with relevant investment management software and tools;
3. Strong understanding of regulatory and compliance requirements in the investment industry;
4. Visionary leadership and strategic thinking to set clear investment goals and objectives;
5. Excellent communication and interpersonal skills to collaborate with diverse stakeholders;
6. Decision-making prowess under uncertainty and a track record of sound judgment;
7. Exceptional problem-solving skills and the ability to adapt to dynamic market conditions; and
8. Strong ethical standards and commitment to responsible investing practices.

Sec. 40 of the IRR provides that the CIOO shall be appointed by the Board of Directors of the MIC.

Sec. 40 of the IRR provides that the CIOO shall be appointed for a term of three (3) years, without prejudice to reappointment.

1. Serve as an adviser to the Board of Directors on their responsibilities and obligations;
2. Keep the minutes of meetings of the Board and its committees and furnish copies thereof to the PCEO and other members of the Board as appropriate;
3. Keep in safe custody the seal of the MIC and affix it to any instrument requiring the same;
4. Receive instructions from the PCEO on the preparation of an annual schedule, the calling of Board meetings, the preparation of regular agenda for meetings, and notifying the Board of such agenda at every meeting;
5. Oversee the adequate flow of information to the Board prior to meetings; and
6. Ensure fulfillment of disclosure requirements to regulatory bodies.

1. Bachelor’s degree in Law, or Master’s degree in Business Administration, or related field;
2. A minimum of five (5) years of experience in a similar role in a corporation, preferably a GFI or a similar financial institution;
3. Extensive knowledge of corporate governance principles and managerial best practices, with ample knowledge on financial regulations and legislation;
4. Organizational and interpersonal skills; and
5. Fluency in English is a must, and knowledge of additional languages is a plus.

1. Secretary of the Department of Budget and Management
2. Secretary of the National Economic Development Authority
3. Treasurer of the Philippines

1. advise and assist the Board of Directors in the formulation of general policies related to investment and risk management and other matters to carry out the provisions of the Act;
2. recommend Regular and Independent Directors to the President .