resolution and order shall state clear reason therefor. If the office of the Chairman or a commission member is vacated prior to the expiration of the term of office, the Cabinet may appoint another person to
agency in charge of the supervision of derivatives exchange or financial institution. SECTION 62. In addition to the ground for removal from office as specified by the Public Limited Companies Act, a
agency in charge of the supervision of derivatives exchange or financial institution. SECTION 62. In addition to the ground for removal from office as specified by the Public Limited Companies Act, a
cases of a commissioner, provided that the resolution and the order shall state clear reason therefor. If the office of the Chairman or a commissioner is vacated prior to expiration of the term of office
passed a resolution with at least two-thirds of all commissioners in cases of a commissioner, provided that the resolution and the order shall state clear reason therefor. If the office of the Chairman or
accordance with the trust instrument or this Act, the trustee shall be liable to indemnify the trust. In cases where it is necessary and there is a reasonable ground for the benefit of the trust, the trustee
necessary and there is a reasonable ground for the benefit of the trust, the trustee may apply for the SEC Office’s approval prior to the management of trust in a different manner from those stipulated in the
indemnify the trust. In cases where it is necessary and there is a reasonable ground for the benefit of the trust, the trustee may apply for the SEC Office’s approval prior to the management of trust in a
conduct or underperformance. (5) absence from the meetings of the Fund Committee for more than three consecutive times without providing a reasonable ground therefor. SECTION 218/13 The provisions in