Section 4: Council of the Institute.

(1) There shall be, as the governing body of the Institute, a Council which shall be charged with the administration and general management of the Institute.
(2) The Council shall consist of-
(a) the President of the Institute who shall be the Chairman;
(b) the two Vice-Presidents of the Institute;
(c)
six persons elected by the Institute;
(d) the immediate past President of the Institute;
(e) a representative each of the following Ministries, that is-
(i) Commerce, and
(ii) Education;
(f) the Director-General of the Centre for Management Development; and
(g) two persons to represent Institutions of higher learning in Nigeria offering courses leading to an approved qualification in marketing, to be appointed by the Minister in rotation, so however that the two shall not be from the same institution.
(3)
The provision of First Schedule to this Act shall have effect with respect to the qualifications and tenure of office of members of the Council and the other matters therein mentioned.
[First Schedule.]