Sec. 2.  The administration of any Uniform Practice Code, or any amendment thereto, adopted by the Board pursuant to Section 1, shall be vested in the Board, and the Board is hereby granted such powers as are reasonably necessary to achieve its effective operation.

Sec. 1.  The Board shall have authority to establish procedures relating to disciplinary proceedings involving members and their associated persons.

Sec. 1.  The Board may provide for reasonable compensation of the Chair of the Board, the Governors, and the members of any committee.