Regulation Governing Organization, Mediation Procedures and Fees of Arbitration Institution Article 12

An arbitration institution shall have a board of directors consisting 9 to 31 directors and a board of supervisors consisting 3 to 9 supervisors; such directors and supervisors shall be elected from the member representatives. The number of alternate directors and supervisors shall not exceed one-third of the number of directors and supervisors respectively.Standing directors and standing supervisors shall be respectively elected from the directors and supervisors referred to in the preceding paragraph provided that the number of which shall not exceed one-third of the respective number of directors and supervisors. The chairperson of the board of directors shall be elected by the directors from the standing directors and who shall be the convener of the meetings of the general assembly and the board of directors; the standing supervisors shall elect one from themselves as the convener of the board of supervisors meeting if there are 3 or more standing supervisors.An arbitration institution shall report the election result set out in the preceding two paragraphs to the MOI and the MOJ for records within 15 days beginning with the day of election.