(a) The Liquor Control Board shall meet as often as necessary for the public business.
(b) (1) The chair of the Liquor Control Board shall receive an annual salary of $6,000.
(2) The other members of the Liquor Control Board shall receive an annual salary of $5,000.
(c) (1) The Liquor Control Board shall appoint employees necessary to operate the dispensary system, set employee compensation, and require a bond for the faithful performance of employee duties.
(2) (i) An employee of the Liquor Control Board may not:
1. have a direct or indirect financial interest in the manufacture or sale of alcoholic beverages; or
2. derive profit or remuneration from the sale of alcoholic beverages other than the salary or wages payable for the discharge of the duties of the office.
(ii) A person who violates this paragraph is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 3 years or a fine not exceeding $2,000 or both.