The Board of Selectmen shall develop and maintain personnel regulations for nonunion full-time employees and full-time elected officials. Personnel regulations shall include, but not be limited to, a statement of duties and responsibilities of all employees of the Town and include Personnel Regulations which shall provide for hours of work, vacations, sick leaves, removals and such other rules as may be necessary to provide an adequate and systematic procedure for the administration of the personnel policies of the Town. The Board of Selectmen shall appoint a committee of three, consisting of one member each from the Board of Selectmen, Board of Finance and the involved department head, board, commission or similar body, who shall represent the municipal employer in collective bargaining with employee organizations and shall have such authority as is consistent with state statutes. The provisions of this section shall not apply to the Board of Education.