40 4.2.4 Without deviating from the above, the Standing Committee will have the powers and duties delegated to it by the Senate from time to time, whether generally or for a specific purpose. 4.3 Modus Operandi 4.3.1 The Standing Committee shall determine its modus operandi unless otherwise determined in these Regulations, including the determination of invitees, as well as the frequency of its meetings, provided that it meets at least once a month. 4.3.2 The Chairman of the Standing Committee will determine the committee's agenda. 4.3.3 The legal quorum at Standing Committee meetings shall be at least sixty percent (60%) of the members of the committee, provided that they include the Chairman and the President. 4.3.4 Decisions made by the Standing Committee will be adopted by a simple majority of the participants in the vote, provided that there was a legal quorum at the time of the vote. If the opinions are equally divided, the Chairman will have the decisive opinion. 5. The Office Holders 5.1 The Chancellor 5.1.1 The Chancellor of the University shall be elected by the Council by a two thirds majority of members. 5.1.2 The term of office of the Chancellor shall be four years and it may be renewed. 5.1.3 The Chancellor shall act as Chairman of the Council.
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