(a)      The Board of Directors shall appoint, subject to the approval of the Governor, an executive director who shall serve at the pleasure of the Board. The salary of the executive director shall be determined by the Board.

      (b)      The executive director shall be the chief administrative officer for the Corporation and as such shall direct and supervise the administrative affairs and technical activities of the Corporation in accordance with policies and procedures established by the Board of Directors. The executive director, or his designee, shall, among other things:

            (1)      Attend all meetings of the Board of Directors and act as secretary to the Board and keep minutes of all its proceedings;

            (2)      Approve all accounts for salaries, per diem payments, and allowable expenses of the Corporation or of any of its employees or consultants as well as any expenses incidental to the operation of the Corporation; and

            (3)      Perform any other duties that may be directed by the Board of Directors in carrying out the purposes of this subtitle.

      (c)      The Board of Directors shall appoint any additional professional and clerical staff that is necessary to carry out the purposes of this subtitle. The officers or employees of the Corporation are not subject to:

            (1)      The provisions of Division II of the State Personnel and Pensions Article; or

            (2)      The provisions of Division I of the State Personnel and Pensions Article that govern the State Personnel Management System.

      (d)      The Board of Directors may also engage any necessary accountants, engineers, lawyers, financial advisors, or other consultants.