(1) Serve as the regional consultative and advisory body to the Regional Governor and the Regional Assembly on matters relating to wages, incomes and productivity; (2) Formulate policies and guidelines on wages, incomes and productivity improvement at the enterprise, industry and regional levels, consistent with national policies and guidelines; (3) Assume the powers and functions of the Regional Tripartite Wages and Productivity Board for the ARMM as provided for under the Labor Code; and (4) Perform such other functions as maybe devolved and/or provided for by law. SEC. 25. Composition of Board. – The Board shall be composed of the Regional Secretary of DOLE –ARMM as Chairperson, the Regional Secretary of Department of Trade and Industry-ARMM and the Executive Director of Regional Planning and Development OfficeARMM as members, two (2) representatives from the employer sectors and two (2) representatives from the workers sectors. It shall have its Board Secretariat to be headed by Board Secretary VI. Chapter 10 Overseas Workers Welfare Administration (OWWA) SEC. 26. Mandate, Powers and Functions. - The mandate, powers and functions of the Overseas Workers Welfare Administration shall be as follows: (1) Delivery of Welfare Services and Benefits; (2) Ensuring Capital Build-up and Fund Viability; (3) Protect the interest and promote the welfare of Overseas Foreign Workers (OFWs) in recognition of their valuable contribution to the development of the nation‟s economy; (4) Facilitate the implementation of the provisions of the labor code concerning the responsibility of the government to promote the well-being of the OFWs; (5) Provide social and welfare services to OFWs, ensuring insurance, social work assistance, cultural services and remittance services; (6) Ensure the efficiency of collection and viability and sustainability of the fund through sound and judicious investment fund management policies; (7) Undertake studies and research for the enhancement of their social, economic and cultural well-being; (8) Develop support and finance specific projects for the welfare of OFWs; and (9) Perform such other functions as maybe devolved and/or provided for by law. 128