MODIFICATION OF REQUIREMENTS FOR BOARDS OF DIRECTORS OF CORPORATIONS.

SEC. 803. MODIFICATION OF REQUIREMENTS FOR BOARDS OF DIRECTORS OF CORPORATIONS.(a) Requirements for Department Board Members.—Paragraph (1) of section 7363(a) is amended to read as follows:“(1) with respect to the Department medical center—“(A)(i) the director (or directors of each Department medical center, in the case of a multi-medical center research corporation);“(ii) the chief of staff; and“(iii) as appropriate for the activities of such corporation, the associate chief of staff for research and the associate chief of staff for education; or“(B) in the case of a Department medical center at which one or more of the positions referred to in subparagraph (A) do not exist, the official or officials who are responsible for carrying out the responsibilities of such position or positions at the Department medical center; and”.(b) Requirements for Non-department Board Members.—Paragraph (2) of such section is amended—(1) by inserting “not less than two” before “members”; and(2) by striking “and who” and all that follows through the period at the end and inserting “and who have backgrounds, or business, legal, financial, medical, or scientific expertise, of benefit to the operations of the corporation.”.(c) Conflicts of Interest.—Subsection (c) of section 7363 is amended by striking “, employed by, or have any other financial relationship with” and inserting “or employed by”.