The six-member board must have no more than four members from the same political party.
"But a six-member board is not small for a 200-plus-unit building," he said.
The six-member board named last month included five lawyers.
He said four new directors had been elected to the six-member board in December.
The questioning from the six-member board went on for nearly an hour.
This week it announced the formation of a six-member board.
The six-member board made the unanimous decision to stop production, he said, in hopes that the company could raise more capital.
The new partnership will include a six-member board of directors representing the public and private sectors.
The new rule was passed by the six-member board on Nov. 27.
Last week, the group formed a six-member board with representatives of the consumer movement, insurance companies and the public.