Board meeting requirements mandate regular sessions, allow virtual participation, and impose notice, quorum and ratification safeguards. Every company must hold its first Board meeting within thirty days of incorporation and thereafter at least four meetings annually with no more than one hundred and twenty days between meetings; directors may attend in person or by prescribed video or audiovisual means capable of recording proceedings. Meetings require at least seven days' written notice, with shorter notice allowed for urgent business only if an independent director is present or later ratified by one. Failure by the officer to give notice attracts a penalty. One Person Companies, small companies and dormant companies may comply by holding one meeting each half-year with a minimum ninety-day gap, with specific exemptions for single-director One Person Companies.