Regulations on Election and Dismissal in Cooperatives Article 6

The chairpersons of the board of directors and the board of supervisors of a cooperative shall be elected by and among the directors and supervisors in meetings of the board of directors and the board of supervisors, respectively, and the candidate who gets the votes by more than half of the attendees shall be appointed. If no candidate gets more than half of the votes, voting shall be implemented again between the two who have got the most and the second most votes, and the one who gets more votes shall be appointed. In case both of them get the same number of votes, lots shall be drawn to determine who shall be appointed. If a candidate is not present or is present but fails to draw a lot after his name is called three times, the chairman of the meeting shall draw a lot on the behalf of the candidate.The meeting of the board of directors and the board of supervisors as referred to in the above paragraph shall be convened by the original chairperson of the board of directors and the board of supervisors within 15 days after the directors and the supervisors have been elected; for a cooperative being established, the meeting shall be convened by the chief committeeman of the preparation committee. If the meeting is not called within the time limit, it may be convened by the director or the supervisor who has got the most votes.