(1) Any employee organization seeking certification from the board as exclusive representative of a group of employees must first file with the board a copy of the labor organization's written bylaws. If revisions or changes are made, the bylaws must be refiled.

(2) The bylaws must provide for and guarantee that:

(a) provisions are made for democratic organization and procedures;

(b) elections are held pursuant to adequate standards and safeguards;

(c) controls are provided for the regulation of officers and agents having fiduciary responsibility; and

(d) sound accounting, fiscal control, and annual audit requirements exist.