All Board members are appointed by the Governor with the advice and consent of the State Senate and receive no salary in connection with the performance of their duties. The Chairman and Vice Chairman are voted upon by the Board. The members of the Board must be NYSIF policyholders. One commissioner is appointed by the Governor upon recommendation by the New York State AFL-CIO and one upon recommendation of the Business Council of New York State. NYSIF day-to-day operations are managed by an Executive Director, appointed by the Board of Commissioners.