Section 5. The governing body of the University shall be the Board of Regents, hereinafter referred to as the Board, which shall be composed of the following:

1. The chairman of the Commission on Higher Education (CHED), chairman;

2. The president of the University, vice chairman;

3. The chairman of the Committee on Education, Arts and Culture of the Senate, member;

4. The chairman of the Committee on Higher and Technical Education of the House of Representatives, member;

5. The regional director of the National Economic and Development Authority (NEDA), member;

6. The regional director of the Department of Agriculture (DA), member;

7. The president of the faculty association of the University, member;

8. The president of the student council of the University, member;

9. The president of the alumni association of the University, member; and

10. Two (2) prominent citizens who have distinguished themselves in their professions or fields of specialization of the University, chosen from among a list of at least five (5) qualified persons in the Province of Aklan, as recommended by the search committee constituted by the University president, in consultation with the chairman of the CHED, based on the normal standards and qualifications of the position, members.

    The term of office of the president of the faculty association, the president of the student council, and the president of the alumni association shall be coterminous with their respective terms of office. In the event that the University shall have more than one (1) campus, the faculty, alumni and the student council shall be represented by the presidents of the federations.

    The two (2) prominent citizens shall serve for a term of two (2) years.

    In case of vacancy in the office of the president, the officer-in-charge of the University designated by the Board shall serve for the unexpired term only.