; or (ii) indirectly, by providing financial assistance to an energy transition community or an Indian Tribe to secure independent assistance in the regulation, development, and management of clean energy technologies; and (F) with the concurrence of the Board of Directors, establish expected loss reserves for the support provided by the Administration consistent with section 104(a). (c) Board of Directors (1) In general The Board of Directors of the Administration shall consist of— (A) the Secretary or the designee of the Secretary, who shall serve as an ex-officio voting member of the Board of Directors; (B) the Administrator, who shall serve as the Chairman of the Board of Directors; and (C) 7 additional members who shall— (i) be appointed by the President, with the advice and consent of the Senate, for staggered 5-year terms; and (ii) have experience in banking or financial services relevant to the operations of the Administration, including individuals with substantial experience in the development of energy projects, the electricity generation sector, the transportation sector, the manufacturing sector, and the energy efficiency sector. (2) Duties The Board of Directors shall— (A) oversee the operations of the Administration and ensure industry best practices are followed in all financial transactions involving the Administration; (B) consult with the Administrator on the general policies and procedures of the Administration to ensure that the interests of the taxpayers are protected; (C) ensure that the portfolio of investments of the Administration are consistent with this subtitle and with the long-term financial stability of the Administration; (D) ensure that the operations and activities of the Administration are consistent with the development of a robust private sector that can provide commercial loans or financing products for clean energy technologies