Grantee corporate boards of directors
In general
The corporate board of directors of each grantee under this chapter—
shall be bipartisan;
shall, except as otherwise provided in this Act, have the sole responsibility to operate their respective grantees within the jurisdiction of their respective States of incorporation;
shall be composed of not fewer than 5 members, who shall be qualified individuals who are not employed in the public sector; and
shall appoint successors in the event of vacancies on their respective boards, in accordance with applicable bylaws.