The organization and functional description of the board of directors and board of auditors
The association appoints seventeen directors who organize the board of directors, and five auditors who organize the board of auditors, whom are selected and appointed from the member representatives as voted before the members’ assembly using the non-nominal endorsement method.
When electing the foresaid directors and auditors, five standby directors and one standby auditor are also to be elected, who are to supplant the position in the wake of a vacancy, capped to serving the predecessor’s term.
The fiduciary responsibilities of the board of directors are as follows:
1.To review and finalize the members and member representatives’ qualifications.
2.To convene the member (representative) meeting and also execute the resolutions.
3.To elect or impeach the executive directors, and executive managing director.
4.To vote on the resignation of the director, executive director or executive managing director.
5.To rule on the corrective action on members not remitting the member due.
6. To hire or dismiss association administrative working personnel.
7.To jointly vote alongside the board of auditors on the assignment, reassignment or resignation of attending higher organizations’ member representatives.
8. To review and finalize the association administration’s yearly plan, budget audit, and to follow up and review the execution progress and result.
9.To motion on the division of convening the preparatory association areas, and the implementation plan for the quota of the electable member representatives.
10. To declare the member (representative) assembly’s resolution matters.
11. To supply the next term’s director/auditor candidates reference roster.
12. Other matters to be implemented per its fiduciary responsibilities.
The fiduciary responsibilities of the board of auditors are as follows:
1.The monitor the board of directors executing the member (representative) meeting’s resolution proposals.
2.To monitor the board of directors’ association administration and financial report.
3.To review and approval and yearly budget and audit by presenting review opinion to the board of directors, and also declare it before the members meeting for motioning or retroactive recognition.
4.To elect or impeach the executive auditor.
5.To vote on the resignation of the auditor or executive auditor.
6.The executive auditors are to nominate a commissioner to the board of auditors.
7.To jointly rule alongside the board of directors on the assignment, reassignment and resignation of the attending higher organizations’ member representatives.
8.To monitor the association’s finances and assets.
9.Other monitor matters to be implemented per its fiduciary responsibilities.
The fiduciary responsibilities of the association members’ assembly are as follows:
1.To elect or impeach the directors, auditors.
2.To vote on the amount of the membership enrollment fee, routine yearly member due, enterprise due and member donations.
3.To vote on the association affairs, operational yearly plan, report and budget audit.
4.To vote on various rules and regulations.
5.To vote on corrective actions of the members and the member representatives.
6.To vote on the resignation of the director, auditor.
7.To vote on the inception, merger or withdrawal of the office.
8.To vote on the liquidation and assign the liquidator.
9.To vote on asset disposition.
10. To vote on other member entitlement and obligation related matters.