; (B) the composition and reporting structure of the Board to the management of the operator; (C) the process by which the Board is to be notified of proposed studies or modifications along with the processes by which the board is capable of vetoing or amending such proposals; (D) any compensation provided to board members; and (E) any conflict of interest that might exist concerning a board member's participation in the Board. (c) Registered professional standards body (1) In general An association of large online operators may register as a professional standards body by filing with the Commission an application for registration in such form as the Commission, by rule, may prescribe containing the rules of the association and such other information and documents as the Commission, by rule, may prescribe as necessary or appropriate in the public interest or for protecting the welfare of users of large online operators. (2) Professional standards body An association of large online operators may not register as a professional standards body unless the Commission determines that— (A) the association is so organized and has the capacity to enforce compliance by its members and persons associated with its members, with the provisions of this Act; (B) the rules of the association provide that any large online operator may become a member of such association; (C) the rules of the association assure a fair representation of its members in the selection of its directors and administration of its affairs and provide that one or more directors shall be representative of users and not be associated with, or receive any direct or indirect funding from, a member of the association or any large online operator