The Board shall:

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1.  Require each new member of the Board to complete orientation within 60 days after his or her appointment to the Board. Such orientation must include, without limitation, instruction concerning:

(a) The purpose of the Board and the duties of its members;

(b) Any applicable laws and regulations, including, without limitation, the provisions of NRS 641D.700 to 641D.880, inclusive, and the importance of complying with applicable laws and regulations in a timely manner; and

(c) Any requirements relating to managing the finances of the Board.

2.  Establish policies relating to compensation and reviewing the performance of the staff of the Board.