(a) The question of holding an executive session shall be determined in accordance with AS 42.40.160. A subject may not be considered at an executive session unless it is mentioned in the motion calling for the executive session or is auxiliary to a subject mentioned. An action may not be taken at an executive session.
(b) Only the following subjects may be discussed in an executive session:
(1) matters, the immediate knowledge of which would clearly have an adverse effect upon the finances of the corporation;
(2) unless the person has requested to have the subjects discussed in public, subjects that tend to prejudice the reputation and character of a person;
(3) matters that, by law or municipal charter or ordinance, are permitted to be kept confidential from public disclosure;
(4) matters pertaining to personnel;
(5) matters pertaining to the corporation's legal position;
(6) land acquisition or disposal; and
(7) proprietary or other information of a type treated as confidential under the standards and practices of the United States Surface Transportation Board, including practices that protect information associated with specific shippers, divisions, and contract rate agreements.
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