; and (2) receive travel expenses, including per diem in lieu of subsistence, in accordance with applicable provisions under subchapter I of chapter 57 of title 5, United States Code. 308. Small business and investor advisory board (a) Establishment required The Director shall establish a Small Business and Investor Advisory Board to advise and consult with the Agency in the exercise of its functions under this Act, and to provide information on emerging practices relating to the treatment of personal information by covered entities, including regional trends, concerns, and other relevant information. (b) Membership In appointing the members of the Small Business and Investor Advisory Board, the Director shall seek to assemble representatives of small businesses and investors in small businesses, without regard to party affiliation. (c) Meetings The Small Business and Investor Advisory Board shall meet from time to time at the call of the Director, but, at a minimum, shall meet at least twice in each year. (d) Compensation and travel expenses Members of the Small Business and Investor Advisory Board who are not full-time employees of the United States shall— (1) be entitled to receive compensation at a rate fixed by the Director while attending meetings of the Small Business and Investor Advisory Board, including travel time