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Article 37-3
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If the chairman of the board performs his or her duties in a remote working mode such as working off-site, at home, or by video conferencing for a long period of time, he or she shall ensure the effective performance of his or her duties.
In case the chairman of the board is on leave or cannot exercise his or her power and authority for any cause, the vice chairman shall act on his or her behalf. In case there is no vice chairman, or the vice chairman is also unable to exercise his or her power and authority, the chairman shall designate one of the managing directors, or where there is no managing director, one of the directors to act on his or her behalf. In the absence of such a designation, the managing directors or the directors shall elect from among themselves an acting chairman of the board of directors.
The designation or election of an acting chairman under the preceding paragraph shall be subject to the qualifications and restrictions on concurrent appointments set out in the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants. The authorities and powers exercised by the acting chairman during the period of agency shall not exceed the authority of the chairman of the board, and if there are any other restrictions on such authority, they shall be specified in advance.
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