Correct Answer:
B. Once every 3 months
As per Rule 3, the Board must meet Once every 3 months. This quarterly meeting schedule is a common practice for governing boards, ensuring regular oversight, strategic discussions, and timely decision-making without being excessively frequent or infrequent. It strikes a balance for effective governance.
- Monthly would likely be too frequent for a board, which typically focuses on strategic rather than day-to-day operational matters.
- Once every 6 months might be too infrequent, potentially leading to delays in addressing critical issues or reviewing progress.
- At the Chairperson's discretion is incorrect for regular meetings, as rules usually mandate a fixed frequency to ensure consistency and accountability, although the Chairperson may call special meetings.