(11) Formulate and implement industrial programs that would hasten economic growth and development including those relating to the implementation of international trade, investments and environmental agreements and protocols; (12) Establish Satellite Offices in the Provinces of the Autonomous Region in Muslim Mindanao as may be deemed necessary; (13) Prepare industry and sectoral development programs, the Regional Plan for Investment Promotions (RPIP) and gather and compile statistical, technical, marketing, financial and other data required for the effective implementation of Regional Investments & Incentives Code; (14) Within four (4) months after the close of the fiscal year, submit annual reports to the Regional Governor that shall cover its activities in the administration of this Code, including recommendations on investments policies; (15) Provide, directly or through Philippine Diplomatic Missions, information as may be of interest to prospective foreign investors; (16) Collate, analyze and compile pertinent information and studies concerning activities/ industries/ sector that have been or may be in the Investment Priorities Plan; (17) Enter into agreements with other agencies of government for the simplification and facilitation of systems and procedures involved in the promotion of investments, operation of economic zones and registered enterprises, and other activities necessary for the effective implementation of Regional Investments & Incentives Code; (18) Prepare the ARMM Investment Priorities Plan for inclusion in the National Investment Priorities Plan; and (19) Generally, exercise all the powers necessary or incidental to attain the purposes of Regional Investments & Incentives Code and other laws vesting additional functions on the Board. SEC. 19. Composition of the Board of Governors. - The Board of Governors shall be composed of the RBOI Chairperson as Chair, the regular DTI Assistant Regional Secretary as permanent Vice-Chair, and three (3) member Governors. The Chairperson and the three (3) members shall be appointed by the Regional Governor and shall be co-terminus with the appointing authority. SEC. 20. Qualifications of Governors of the Board. – The Governors of the Board must be citizens of the Philippines, residents of the Autonomous Region in Muslim Mindanao for at least six (6) months prior to their appointment, registered voters of ARMM, at least thirty (30) years old, of good moral character and of recognized competence in any of the following fields: law, economics, finance, banking, commerce, industry, agriculture, engineering, and management. The Chairperson and the three (3) appointed members of the Board of Governors must each come from the different provinces and cities of the Autonomous Region. 165