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Chapter Law Content

Chapter III: Operations and Supervil Provisions
Article 20
The TISS shall draft development objectives and plans and, after they have been approved by the board of directors, submit them to the supervisory authority to be reviewed to obtain approval.
The TISS shall formulate an annual business plan and an associated budget. After these have been approved by the board of directors they shall be submitted to the supervisory authority for future reference.
Article 21
The supervisory jurisdiction of the supervisory authority over the TISS comprises the following:
1.Reviewing and approving the development objectives and plans.
2.Reviewing and approving, or filing for future reference, TISS regulations, the annual business plan and budget, the results of its annual operations, and its final accounts report.
3.Examination of its assets and financial status.
4.Evaluation of its business performance.
5.Recommendations regarding appointments and dismissal of board members and supervisors.
6.If any board member or supervisor violates any ordinances while undertaking TISS business, the supervisory agency may take necessary disciplinary action.
7.Imposition of revocation, modifications, cancellations, demand for improvements within a prescribed time, suspension or termination of operations, or other disciplinary actions at any time that the TISS acts in violation of the Constitution or any law, regulations, or order.
8.Review and approval of the disposal of real estate owned by the TISS or the creation of any encumbrance involving its real estate.
9.Any other supervisory action required by and in accordance with the law.
Article 22
The supervisory authority shall invite representatives of related organizations, academics and experts, and impartial citizens to conduct performance reviews of the TISS. It is not permitted for the number of academics, experts, and impartial citizens to comprise less than one-half of the total number of persons.
The number of persons of any one gender invited to conduct the performance review referred to in the previous paragraph is not permitted to be less than one-third of the total number of people conducting a review.
Regulations governing the eligibility criteria to be a reviewer, the selection and appointment procedure, the manner of assessment, process, and other related matters pertaining to the performance review referred to in Paragraph 1 shall be prescribed by the supervisory agency.
The content of the performance review is as follows:
1.Assessment of the results of the TISS annual operations.
2.Evaluation of the Center’s business performance and the rate at which it is achieving its objectives.
3.The proportion of the TISS annual funding achieved by its own fundraising.
4.The TISS proposals for budget appropriations.
5.Other pertinent matters.