Executive Sessions of Directors

— August 2010
  • What is an executive session of directors?
  • Are executive sessions required?
  • Who should preside over the executive sessions?
  • What should be discussed during executive sessions and who should set the agendas?
  • To what extent do the directors meeting in executive sessions have authority to make binding decisions?
  • Should minutes of executive sessions be taken?
  • How much feedback from the executive sessions should be given to management?