A majority of the members of the committee constitutes a quorum for the transaction of business.
Official action taken by the committee requires the approval of a majority of the members of the committee.
The committee shall elect a chairperson from among its members.
The committee shall meet at the call of the chairperson or of a majority of the members of the committee.
The committee may adopt rules necessary for the operation of the committee.
The term of office of each member of the committee is four years, but a member serves at the pleasure of the director. Before the expiration of the term of a member, the director shall appoint a successor whose term begins January 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the director shall make an appointment to become immediately effective for the unexpired term.