(1) The Chair of the Board may convene meetings of the Board.
(2) The Chair, in exercising his or her power to convene meetings, must ensure that meetings of the Board are scheduled to meet the following requirements:
(a) the first meeting of the Board must be within 2 months after the commencement of this section;
(b) there must be a minimum of 2 meetings each calendar year;
(c) the Board must meet in accordance with the schedule of Board meetings determined by the Board under this section.
(3) The Board, at its first meeting, must determine, in writing, a schedule of Board meetings.