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of <h1>Companies Must Hold First Board Meeting Within 30 Days; At Least Four Annually, With Specific Notice and Participation Rules</h1> Every company must hold its first Board meeting within 30 days of incorporation and at least four meetings annually, with no more than 120 days between meetings. Directors can participate in person or via video conferencing, except for specified matters. Meetings require at least seven days' notice, but urgent meetings can occur with shorter notice if an independent director is present. Decisions from meetings without an independent director must be ratified by one. Failure to notify incurs a penalty. One Person, small, and dormant companies need only one meeting per half-year, with a minimum 90-day gap between meetings.
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