The Academic Senate has the most important role in the life of the university, as most acts of other university administration are either governed by rules and regulations adopted by the Senate (such as the Statute of university) or require the approval of the Senate (such as the yearly budget of the university). The Senate adopts internal regulations, it controls the use of university finances and property, and following the rector's proposal it appoints and dismisses members of the Scholarly Board, Disciplinary Commission, and so on.