(1) A resolution of the board of directors shall be required for disposal or transfer of major assets, borrowing of large scale assets, appointment or dismissal of managers, and management of affairs such as establishment, transfer or abolition of branch offices. <Amended by Act No. 6488, Jul. 24, 2001>
(2) The board of directors shall supervise the performance of duties by directors.
(3) Directors may request that the representative director report on the affairs of other directors or employees to the board of directors. <Newly Inserted by Act No. 6488, Jul. 24, 2001>
(4) Directors shall report on the progress of his/her duties to the board of directors more than once every three months. <Newly Inserted by Act No. 6488, Jul. 24, 2001>[This Article Wholly Amended by Act No. 3724, Apr. 10, 1984]