; and (B) such support is designed to produce significant developmental outcomes or provide developmental benefits to the poorest population of that country. 1413. Management of Corporation (a) Structure of Corporation There shall be in the Corporation a Board of Directors (in this division referred to as the Board ), a Chief Executive Officer, a Deputy Chief Executive Officer, a Chief Risk Officer, a Chief Development Officer, and such other officers as the Board may determine. (b) Board of Directors (1) Duties All powers of the Corporation shall vest in and be exercised by or under the authority of the Board. The Board— (A) shall perform the functions specified to be carried out by the Board in this division; (B) may prescribe, amend, and repeal bylaws, rules, regulations, policies, and procedures governing the manner in which the business of the Corporation may be conducted and in which the powers granted to the Corporation by law may be exercised; and (C) shall develop, in consultation with stakeholders, other interested parties, and the appropriate congressional committees, a publicly available policy with respect to consultations, hearings, and other forms of engagement in order to provide for meaningful public participation in the Board’s activities. (2) Membership of Board (A) In general The Board shall consist of— (i) the Chief Executive Officer of the Corporation; (ii) the officers specified in subparagraph (B); and (iii) four other individuals who shall be appointed by the President, by and with the advice and consent of the Senate, of which— (I) one individual should be appointed from among a list of at least 5 individuals submitted by the majority leader of the Senate after consultation with the chairman of the Committee on Foreign Relations of the Senate; (II) one individual should be appointed from among a list of at least 5 individuals submitted by the minority leader of the Senate after consultation with the ranking member of the Committee on Foreign Relations of the Senate