N.J. Admin. Code § 17:4A-3.10
It is prohibited for any Board member to receive any form of compensation, gratuity, gift, donation, service, or payment in connection with the hiring or retention, of any investment management firm by the Board during the Board member's term and for a two-year period immediately following the completion of such Board member's term. This subsection shall include any compensation, gratuity, gift, donation, service, or payment to the Board member, the Board member's immediate family, or any partner or associate of the Board member. For the purposes of this subsection, "immediate family" shall mean a person's spouse, child, parent, or sibling residing in the same household, or a person's domestic partner as defined at P.L. 2003, c. 246 (N.J.S.A. 26:8A-3).
N.J. Admin. Code § 17:4A-3.10