How often must the Executive Board hold meetings?

The requirement for the Executive Board to hold meetings at least once yearly ensures that the board maintains a regular schedule for governance and oversight of its activities. This frequency is designed to facilitate communication, decision-making, and strategic planning among board members. Holding at least one meeting each year allows the board to review past performance, set future goals, and address any necessary business matters in an organized manner.

If meetings were scheduled less frequently, such as every two years, it could hinder the board's ability to respond to changing circumstances or issues in a timely fashion. A monthly or quarterly requirement might be unrealistic for some boards, leading to possible disengagement or difficulty in achieving quorum. Therefore, the annual requirement strikes a balance between having sufficient oversight and allowing flexibility for the board members.