; and (ii) do not present a conflict of interest. (2) Qualifications The qualifications described in this paragraph are the following: (A) A proven track record of sound judgment in leading or governing a large and complex private sector corporation or organization. (B) A proven track record as a distinguished academic or researcher at an accredited institution of higher education (as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 )). (C) Demonstrated experience in identifying emerging technologies and facilitating the adoption of such technologies into the operations of large organizations in either the public or private sector. (D) Demonstrated experience in developing new technology. (3) Chair The Board shall have a Chair, who shall be appointed by the Director of National Intelligence from among the members of the Board, after consultation with the Chair and Ranking Member of the Permanent Select Committee on Intelligence of the House of Representatives and the Chair and Vice Chair of the Select Committee on Intelligence of the Senate. (4) Notifications Not later than 30 days after the date on which the Director of National Intelligence appoints a member to the Board under paragraph (1), or appoints a member of the Board as Chair under paragraph (3), the Director shall notify the congressional intelligence committees of such appointment in writing. (5) Terms (A) In general Except as provided in subparagraph (B), each member of the Board shall be appointed for a term of 2 years. (B) Vacancies A member of the Board appointed to fill a vacancy occurring before the expiration of the term for which the predecessor of the member was appointed shall be appointed only for the remainder of that term. A vacancy in the Board shall not affect the powers of the Board and shall be filled in the manner in which the original appointment was made. (C) Reappointment A member of the Board may only be reappointed for 1 additional 2-year term. (6) Prohibition on compensation Except as provided in