; (B) are executives or other individuals with senior managerial responsibility in business, professional, trade, and industry associations that represent the interests of such public companies; and (C) are professional advisers and service providers to such public companies (including attorneys, accountants, investment bankers, and financial advisers). (2) Qualifications At least 50 percent of the Committee membership shall be drawn from individuals who would qualify for membership under paragraph (1)(A). (3) Term Each member of the Committee appointed under paragraph (1) shall serve for a term of four years. Vacancies among the members, whether caused by the resignation, death, removal, expiration of a term, or otherwise, will be filled consistent with the Commission’s procedures then in effect. (4) Staggered terms The members of the Committee shall serve staggered terms, with one-third of the initial members of the Committee each serving for 1, 2, or 3 years. (5) Members not on other advisory committees Public companies and other organizations that are currently represented on any other Commission Advisory Committee are not eligible to have representatives also serve on the Public Company Advisory Committee. (6) Members not Commission employees Members appointed under paragraph (1) shall not be considered to be employees or agents of the Commission solely because of membership on the Committee. (c) Chair; Vice Chair; Secretary; Assistant Secretary (1) In general The members of the Committee shall elect, from among the members of the Committee— (A) a Chair; (B) a Vice Chair; (C) a Secretary