Chapter 3 Business and Supervision
Article 20
The Center shall formulate its development objectives and plans and submit them to the supervisory authority for approval.
The Center shall formulate and submit its annual operation (business) plans and budgets to the board of directors for approval before filing them to the supervisory authority for record.
Article 21
The supervisory agency’s authority to supervise the Center is as follows:
1. To approve development goals and plans, management of social housing as a trustee, implementation of Urban renewal project, and investment in Urban renewal project.
2. To approve or keep records of the regulations, annual operation (business) plans and budgets, and annual performance and financial statement reports.
3. To inspect the assets and financial condition of the Center.
4. To evaluate business performance.
5. To appoint and dismiss directors or supervisors.
6. To impose necessary punishment on any director or supervisor who violates the law in the discharge of his/her duty.
7. To revoke, change, terminate or suspend operations; demand timely improvement; or impose other penalties in the event the Center violate the Constitution or other laws and regulations.
8. To approve the disposal of, or creation of a right in rem over, real estate owned by the Center.
9. To supervise other matters as prescribed by the law.
Article 22
The supervisory agency shall invite representatives of related agencies, scholars, experts, and impartial persons to carry out performance evaluations for the Center; the number of scholars, experts and impartial persons may not be less than one half; any gender may not be less than one third of the total number of people.
Contents of the performance in the preceding paragraph are as follows:
1. To assess the yearly execution outcomes of the Center.
2. To measure the Center’s operational effectiveness and achievement rates.
3. To assess the degree to which the Center has reached their annual self-funding targets.
4. To make recommendations on the appropriation of funds of the Center.
5. Other related matters.
Regulations on the performance evaluation method, procedures and other related matters shall be prescribed by the supervisory agency.