The State Board of Medical Examiners shall meet at least twice a year at such time and place as determined by the Board. The Board shall hold elections for its officers each year. The Board may call additional meetings when necessary for the transaction of Board business. The Board shall adopt rules and regulations for its government, for the practice of medicine and for the practice of osteopathy, for judging the professional and ethical competence of physicians and surgeons including a code of medical ethics, and for the discipline of physicians and surgeons (medical and osteopathic). A majority of the Board shall constitute a quorum for the transaction of business.