Correct Answer:
B. Urgency
A special meeting of the Board is typically convened for matters of urgency. These are issues that require immediate attention and cannot wait for a regularly scheduled meeting without potentially causing significant harm or missing a critical opportunity. While
- Financial expenditure,
- Policy changes, and
- Appointment of members
are important matters, they are usually handled during regular board meetings unless a specific, time-sensitive situation makes them urgent. The defining characteristic for calling a special meeting is the pressing need for a prompt decision or action.