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ARTICLE · 18 MAY 2016

Good Board Meeting Practice – 7 Tips For Directors

Mason Hayes & Curran LLP
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The following information and tips are designed to assist new and existing directors with common queries in relation to best practice and legal requirements when holding board meetings.

IrelandCorporate/Commercial Law
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The following information and tips are designed to assist new and existing directors with common queries in relation to best practice and legal requirements when holding board meetings. 

1. Powers of the board

The business of a company is managed by its directors who may delegate their powers to persons or committees and who may regulate their meetings as they see fit. For good corporate governance, it is recommended that directors meet at least once every quarter to discuss the business of the company. 

The board may elect one of its members as managing director and confer upon the managing director any of the powers exercisable by the board upon such terms and restrictions as the board thinks fit.

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