That's a critical question. Transparency, accountability and independence become critical in this instance.
In the selection of members, I'd recommend that the committee examine other means to appoint the members, the board of directors and the length of terms.
In my experience, having come as an order in council appointee to Ontario's administrative justice system, I've dealt a lot with terms of service. It's very rare to have such a lengthy term on the first bounce. It might be worth the committee's while to examine a shorter initial term that leads to lengthier terms thereafter.
Independence absolutely is key, as well as being the vehicle to trust and confidence in public institutions.