Section 4. The President shall also be the Chief Executive Officer (CEO) and an ex officio member of the Gove

4. The President shall also be the Chief Executive Officer (CEO) and an ex officio member of the Governing Board. The President as the CEO of the University, will report to the Board and hold office at the pleasure of the Board. He will be responsible for implementing the vision and the foundation statement of the University, ensuring the purpose and objectives of the University, upholding uniformly high academic standards, and fulfilling the policy directives of the Board of the University. 4. The legal capacity of the University shall, inter alia , include: (a) the power to confer degrees, diplomas and certificates; (b) the capacity to contract; (c) to sue and be sued in its name; (d) to acquire, hold and dispose of properties; - (e) to establish campuses and centres in the region; and (f) to make rules, regulations and bye-laws for the operation of the University. Article 2 Objectives and Functions of the South Asian University The objectives and functions of the University shall, inter alia , include: 4. To contribute to the promotion of regional peace and security by bringing together the future leaders of South Asia, and enhancing their understanding of each others' perspectives. 4. Taxation and social protection of the citizens of the Founding States employed by the University shall be regulated in accordance with the respective national legislation of the respective States. The employees of the University from countries other than the host country will be governed by the incometax laws of the home countries and will not be taxed as per the laws of the host country. Article 5 Governance Structure