; (bb) may result in disclosure of commercial or financial information obtained from a person that is privileged or confidential; (cc) may disclose information of a personal nature where disclosure would constitute a clearly unwarranted invasion of personal privacy; or (dd) are matters that are specifically exempted from disclosure by Federal or State law. (iii) Public announcement At least 1 week before a meeting of the Board, and as soon as practicable thereafter if there are any changes to the information described in subclauses (I) through (III), the Board shall make a public announcement of the meeting that describes— (I) the time, place, and subject matter of the meeting; (II) whether the meeting is to be open or closed to the public; and (III) the name and appropriate contact information of a person who can respond to requests for information about the meeting. (iv) Record The Board shall keep a transcript of minutes from each Board meeting. Such transcript shall be made available to the public in an accessible format, except for portions of the meeting that are closed pursuant to subparagraph (A)(ii)(II). (B) Quorum A majority of members of the Board shall constitute a quorum. (C) Restriction No member of the Board shall participate in any proceeding, application, ruling or other determination, contract claim, scholarship award, controversy, or other matter in which the member, the member’s employer or prospective employer, or the member’s spouse, partner, or minor child has a direct financial interest. Any person who violates this subparagraph may be fined not more than $10,000, imprisoned for not more than 2 years, or both. (D) Executive Director The Board shall appoint and fix the pay of an Executive Director of the Center (in this section referred to as the Executive Director ) who shall— (i) serve as a Member of the Board; (ii) serve at the pleasure of the Board, under such terms and conditions as the Board shall establish; (iii) is subject to removal by the Board at the discretion of the Board