Subject to the supervision of the regents, the president of each of the units of the system:
(1) is responsible for the immediate direction, management, and control of the respective units, including instruction, practical affairs, and scientific investigations;
(2) is the president of the general faculty and of the special faculties of the departments or colleges and the executive head of the unit in all its departments;
(3) has the duties of one of the professorships as long as the interests of the unit require it;
(4) shall perform the duties of corresponding secretary for the unit;
(5) may offer multiyear contracts to athletic coaches;
(6) shall make an annual report to the regents containing any information that they may request; and
(7) shall furnish any special report on request of the regents or the legislature in accordance with 5-11-210.