Each year from among the members of the Commission: The Governor shall designate a chairperson; and The Commission shall elect other officers as it requires. The Commission shall meet regularly at such times and places as it determines. A majority of the members then serving on the Commission shall constitute a quorum for the transaction of business. No formal action may be taken by the Commission without the approval of a majority of the members of the Commission then serving on the Commission. The Commission shall make all necessary and proper rules for the transaction of business, and shall keep an accurate and complete record of all meetings.