193.1. The board of directors of the institutions referred to in section 126.1 or 126.2 must, as soon as possible after beginning its administration pursuant to section 126.4, appoint an executive director to the institutions concerned in accordance with the standards prescribed by government regulation under section 507.
The competition held to select such an executive director shall, however, be open only to the executive directors of the institutions concerned and to any other person who, on the date of commencement of the competition, has occupied one of the positions of executive director concerned for at least one year on a temporary basis or who has, on that date, a written contract of employment for a period of not less than one year.
If, after having applied the second paragraph, the board of directors has been unable to appoint an executive director, it must proceed in accordance with the standards prescribed by government regulation under section 507.
The provisions of this section, adapted as required, also apply where a new board of directors must be established following the issue of an order pursuant to section 128.