Act for the Establishment of the National Housing and Urban Regeneration Center Article 5

Management of social housing by the Center as a trustee, Urban renewal project implemented by the Center, and investments made by the Center in Urban renewal project shall be approved by the board of directors and ratified by the supervisory agencies.The Center shall adopt its articles of incorporation and regulations governing its own personnel management, accounting system, internal control, auditing, procurement and other requirement. It shall submit such regulations to its board of directors for approval and, upon approval, file them to the supervisory authority for record.The Center may, without contravening any related law or regulation, draft regulations concerning its execution of public affairs and submit such regulations to its board of directors (council of directors) for approval, and upon approval, file them to the supervisory authority for record.