6. The board of directors may, by regulation,(1) provide for professional training, determine the form the training is to take, provide the appropriate instruction and, for such purposes, establish a school of professional training;
(2) establish a notarial studies fund, made up of the gifts and legacies made for that purpose, any sums paid into it by the Order and the income from the general accounts held in trust by notaries, to promote the quality of professional services, law reform, legal research, education and information and the establishment and maintenance of law library services, and to finance, in accordance with paragraph 5 of section 8, the indemnity fund of the Order, and establish rules governing the administration of the notarial studies fund;
(3) establish mandatory standards of professional practice;
(4) establish a committee to which the powers conferred on the executive committee under section 12 may be delegated by the executive committee, determine the manner in which such powers are to be exercised as well as the number of committee members and the membership requirements, and the manner in which the committee is to operate;
(5) determine what constitutes a vacancy on the board of directors, and establish rules governing the election or appointment of a substitute member to fill a vacancy.