Regulations on Election and Dismissal in Cooperatives Article 7

Vacancy of directors or supervisors shall be filled by the alternate directors or alternate supervisors in order. If the number of directors or supervisors does not reach half of the quota set forth in the constitution after the vacancy has been filled, a meeting of the member's congress or the member representative's congress shall be held for a supplementary election.In case of vacancy of the chairperson of the board of directors or the board of supervisors, a meeting of the directors or supervisors shall be held for a supplementary election within one month from the first day of vacancy. However, if the remaining tenure is less than 6 months when the vacancy occurs, a deputy may be elected by the directors or supervisors from among themselves.Vacancy of member representatives shall be filled by the alternate member representatives in order. If the number of member representatives does not reach half of the quota set forth in the constitution or the minimum quota set forth in Paragraph 2 of Article 4 after the vacancy has been filled, a supplementary election shall be conducted immediately.The tenure of those who fill the vacancy and are elected under the above three paragraphs shall be within the same tenure of the position.If an alternate director, an alternate supervisor, or an alternate member representative declares in writing to waive the right to fill the vacancy, he will lose the qualification as an alternative director, an alternate supervisor, or an alternate member representative.