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Chapter Law Content

Chapter III: Operations and Supervision
Article 21
The scope of supervision for the supervisory authority shall be as follows:
1. The review and approval of the developmental goal and plan.
2. The review, approval and recordation of the regulations, annual operational plan and budget, the annual execution results and the final accounting report.
3. The inspection of assets and financial status.
4. The evaluation of the operational performance.
5. The appointment and recommendation of directors and supervisors.
6. The rendering of necessary sanctions against directors and supervisors who has violated the law in the course of their work.
7. The rendering of sanctions against the Center’s violation of the Constitution, law, or regulations, including revocation, change, nullification, cure in a limited time, suspension of execution or other measures.
8. The approval of the disposition of self-owned real estate or of the burdens to be placed on such property
9. The supervision of all other acts in accordance with the law.
Article 22
The supervisory authority shall invite representatives from relevant government entities, scholars and independent members of the public to evaluate the operations performance of the Center. The academic experts and independent members shall number no less than two-thirds of the total number of individuals, and either gender shall comprise of no less than one-third of the total number of individuals.
The method, procedure and all other relevant matters regarding the evaluation of operations performance shall be prescribed by the supervisory authority. The evaluation shall include the following:
1. The Center’s annual performance results.
2. The Center’s operational performance incentives and rate of success in achievement of goals.
3. The Center’s rate of success in the proportion of self-generated funds.
4. The Center’s recommendations in grant allocation.
5. All other relevant items.
Article 23
The Center shall establish the development goals and plans and report such to the supervisory authority for review and approval.
The Center shall establish the annual operational plan and budget, which shall be approved by the board of directors and, then, reported to the supervisory authority for recordation
Article 24
Within three months after the end of the fiscal year, the Center shall submit the annual performance results and the final accounting report to a certified public accountant for audit, followed by submitting those documents to the board of directors for review. Once the board passes the documents, they shall be reported to the supervisory authority for recordation and submitted to the audit authority.
The aforementioned final accounting may be audited by the audit authority. The results of the audit may be sent to the supervisory authority or other relevant authorities for further required procedures.