What is Board Meeting?
Board Meetings are the furnace in which corporate destinies are mapped out and strategic decisions are made; i.e., meeting at the highest level where board members or their representatives are present. Under the Companies Act, 2013, which requires regular gatherings to discuss important issues impacting the company, these meetings are required by law. Effective governance is ensured by a well-organized board meeting, which promotes accountability and transparency. Within the complex world of corporate governance, Board Meetings are essential occasions that influence a company’s course. It is crucial to comprehend the subtleties involved in holding these meetings to guarantee adherence to the Companies Act, 2013.
Geeky Takeaways:
- Board Meetings are held at the highest level where board members or their representatives are present.
- The Board of Directors acts as agents through which the company takes actions as well as makes decisions.
- All the directors are actively encouraged to attend board meetings, and the option of video conference is available too, in case of impossibility.
Table of Content
- Board Meetings under Companies Act, 2013
- Notice of Board Meetings
- Quorum for the Board Meetings
- Participation in Board Meetings
- Requirements for Conducting a Valid Board Meeting
- Conclusion
- Board Meetings, Companies Act, 2013- FAQs