The board of directors of the corporation shall consist of seven members, selected and appointed as follows: (a) One member, representing the public interest, for a term of four years, appointed by the Governor. (b) One member, for a term of four years, appointed by the State Treasurer. (c) One member, representing the solar energy industry, for a term of three years, appointed by the Secretary of the Business, Transportation and Housing Agency. (d) Four members, for terms of two years, elected by the stockholders of the corporation.
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