e) Approves, following the recommendation of the Board of Directors of the Utilisation and Management Company of the Assets of the Higher Educational Institution, its initial budget and its updates, as well as its report, its financial statements and its results of use.

f) Approves, upon recommendation of the Rector, the proposal for the adoption or amendment of the Statute of the Higher Educational Institution, which is submitted to the Ministry of Education and Religious Affairs.

g) Approves, upon the recommendation of the Executive Director, the execution of expenditure and takes any decision required for the conduct of any kind of competitive procedure for the conclusion of public contracts for the supply of goods and services or the execution of works or studies, if the expenditure is charged to the regular budget or the National Development Programme of the Higher Educational Institution and exceeds the limit of the value of expenditure entrusted to the Rector of the Higher Educational Institution, according to paragraph g' of par. 1 of Article 15, as well as the execution of projects and studies for the upgrading of the infrastructure and equipment of the academic units and other academic and research structures of the Higher Educational Institution in the framework of the implementation of the strategic plan of the Higher Educational Institution, in accordance with the available resources of the Higher Educational Institution.

h) Establishes all kinds of committees, such as technical specifications, tendering and evaluation, monitoring and acceptance committees, and approves their minutes falling within its competence.

i) Approve the content of all types of contracts with natural or legal persons which bind the Higher Educational Institution.

j) Accept, on the recommendation of the Executive Director, any donation of money, property, goods, services, equipment or the execution of works/studies for the benefit of the Higher Educational Institution, inheritance or legacy, as well as sponsorship, provided that it is not contrary to the mission of the Higher Educational Institution.

k) Select the Executive Director of the Higher Educational Institution, upon the recommendation of the Rector of the Higher Educational Institution, and order the removal from office.

l) Approves, upon the recommendation of the Research Committee, the amount of the percentage (%) of the retention rate of the revenues of each category of projects/programs to be retained for the Special Account for Research Funds (UPRC) of the Higher Educational Institution, as well as the distribution of the annual revenues of the Special Account for Research Funds, in accordance with Article 237 and the use of the reserves of the Special Account for Research Funds in accordance with Article 242.

m) Supervise and control the operation of the Special Account for Research Funds of the Higher Educational Institution, appoint the members of the Research Committee, on the recommendation of the Rector and the proposal of the Dean's Office of each Faculty, and appoint the auditors who carry out the annual audit.

n) Appoint the members of the Board of Directors and the Managing Director of the Company for the Exploitation and Management of the Assets of the Higher Educational Institution, remove them from office, supervise its operation and appoint the auditors who carry out the annual audit.

o) Approve the establishment of or participation in spin-off companies or other companies, on the recommendation of the Research Committee, and appoint the representatives of the Higher Educational Institution in their management bodies.

p) approve the annual programming and annual report on the use of the assets of the UIE, as well as the annual report on the activities of the UIE

q) Approves, on the recommendation of the Rector, the annual and multiannual recruitment plan for administrative staff according to the needs of the Higher Educational Institution and submits it to the Ministry of Education and Religious Affairs.

r) establish the Technical Council of the Institution.

s) Approve the conclusion of programme contracts or agreements with other public sector bodies.

t) solicit new funding, donations, financial aid and partnerships with external bodies.

u) set up the Committees referred to in Articles 218 to 222 and approve the projects referred to in Articles 224 to 228.

w) Appoints the Deans of the Faculties of the Higher Educational Institution, except for the single-unit Faculties, from among the three (3) candidates nominated by the Evaluation Committee established by the Dean's Office, in accordance with Article 24, and removes them for cause.

x) Appoint a Department Chair and a Division Director if there are no candidates for the respective office in a Department or Division.

y) It shall check the legality of the procedures for the election and promotion of members of the teaching and research staff and may revoke promotion if any defects are found in the procedure.

z) Suspend the Vice-Rectors of the Higher Educational Institution, with an increased majority of eight elevenths (8/11) for good cause, such as the commission of disciplinary offences, the non-implementation of the legislation in force, the Internal Regulations, the Statute and the decisions of the Board of Administration, as well as the unjustified non-implementation of the approved strategic plan and the programmatic agreements of the Foundation according to article 15 of Law No. 4653/2020.

aa) Approves the establishment of University Research Institutes, controls and supervises their operation and appoints the auditors who carry out the annual audit.

bb) Cooperate with the Internal Audit Unit of the Higher Educational Institution.

cc) It may request any information, document or data related to the operation of the Higher Educational Institution which, in his/her opinion, is necessary for the performance of his/her responsibilities.

dd) Approve the report of the Rector and the Vice-Rectors of the Higher Educational Institution, the Research Committee and the Board of Directors of the Asset Management and Exploitation Company.

ee) Establish committees to study or deal with matters within its competence.

ff) draw up an annual report on its activities, which it shall communicate to the Ministry of Education and Religious Affairs and to the National Authority for Higher Education (NHE).