(1) The board of directors of Oregon Community Power shall meet at least once each month to conduct the business of the board.
(2) A majority of board members shall constitute a quorum.
(3) The board shall select one of its members as chairperson.
(4) The board shall adopt bylaws establishing rules of procedure for board meetings and decisions.
(5) A member of the board shall be compensated as provided in ORS 757.886 (12).
(6) The board, not later than April 15 of each year, shall file a report with the Governor and the Legislative Assembly. The report shall explain the activities and operations of Oregon Community Power for the preceding calendar year, including a summary of the audit described in ORS 757.902.