The Board shall:

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1.  Require each new member of the Board to complete orientation within 60 days after his or her appointment to the Board. The orientation must include, without limitation, instruction concerning:

(a) The purposes of the Board and the duties of its members;

(b) Applicable laws and regulations, including, without limitation, the provisions of NRS 641C.700 to 641C.760, inclusive, and the importance of complying with applicable laws and regulations in a timely manner; and

(c) Requirements concerning managing the finances of the Board.

2.  Establish policies concerning compensation and reviewing the performance of the staff of the Board.