6.__President.__The Maine Technology Institute Director at the Department of Economic and Community Development serves as president of the institute upon confirmation by the board.__Once every 2 years, the Governor shall submit the Maine Technology Institute Director's name to the board for reappointment.__ Reappointment is subject to confirmation by the board.__The president shall:

A.__Serve as the liaison between the board and the targeted technology boards;

B.__Manage the institute's programs, services and staff; and

C.__Perform such other duties the board considers appropriate.

7.__Quorum.__A majority of the voting directors constitutes a quorum.

8.__Executive committee.__The board may elect an executive committee of not fewer than 6 members who, in intervals between meetings of the board, may transact such business of the institute as the board may authorize from time to time.

9.__Annual report.__By October 15th of each year, the institute shall provide an annual report on its activities to the joint standing or joint select committee of the Legislature having jurisdiction over research and development matters.__The institute shall also submit unaudited quarterly financial reports to the joint standing committee or joint select committee of the Legislature having jurisdiction over research and development matters.

10.__Independent evaluation.__By January 14, 2000 and by January 15th of every odd-numbered year, starting in 2001, the institute shall submit to the joint standing committee or joint select committee of the Legislature having jurisdiction over research and development matters an independent evaluation of the performance of the institute.__The evaluation must measure firm survival, new product development and process innovations, jobs created and other measures that the evaluator, in consultation with the institute, may establish.__The evaluation must consider the institute's strategic role in stimulating economic growth in Maine's targeted technologies.