Act Governing the Establishment of Endowment Fund at National Universities Article 5

Each university endowment fund shall have a university endowment fund management committee (hereinafter referred to as “management committee”) with seven to fifteen members, one of whom shall be the president of the university serving as the management committee’s convener, and the rest of whom shall be nominated by the president and appointed after the nominations have been approved by the university councils.No less than one third of the committee members referred to the preceding paragraph must be teacher representatives who do not hold an administrative position; if necessary, external professionals may be recruited to serve as members, and the term of office of the members shall be two years.