1. The BOD Chairman and members shall be appointed by a resolution of the competent authority, whether in their personal capacity or by virtue of the position they hold.

2. If the appointment of the BOD Chairman or members is contingent upon their current positions, their membership in the Board shall cease upon the conclusion of their tenure in the specified position as delineated in the BOD forming decision. The commencement of membership for the newly appointed or assigned individual to that position shall coincide with their assumption of the said position. In the absence of an alternative directive issued by the competent authority, the termination of membership or the induction of a new member into the BOD shall occur automatically, obviating the necessity for further administrative actions.

3. If the BOD forming resolution stipulates the membership of a representative of a specific party, the BOD Chairman shall issue a decision to nominate this member after coordination with the concerned party.

4. Administrative procedures approved by the federal government shall be followed before issuing the resolution to appoint the BOD Chairman and members.