How often must the board hold regular meetings each year?

The requirement for the board to hold regular meetings at least one time each year ensures that the board maintains a minimum level of engagement and oversight over its functions and responsibilities. This frequency allows the board to fulfill its obligations of governance, make necessary decisions, and stay informed on critical developments and issues within their jurisdiction. Holding at least one meeting helps ensure that members can relay important information, discuss ongoing matters, and strategize effectively, which is vital for organizational operation and compliance with legal or regulatory requirements.

While some boards may opt to meet more frequently, the minimum standard set at once a year provides flexibility for those that may not have pressing business needs or available resources to convene more often.