Who can initiate an emergency meeting of the board?

The ability to initiate an emergency meeting of the board is typically granted to a specific number of members to ensure that sufficient concern exists about the matter at hand. In this case, having three members or the president able to call for an emergency meeting helps maintain a balance between accessibility and authority in decision-making. This provision allows for prompt action if urgent issues arise while ensuring that a significant fraction of the board agrees that an emergency situation warrants immediate attention. It reflects a governance structure that supports collaboration and provides a mechanism for urgent discussions when necessary.

In contrast, limiting this power to only the president or the secretary could restrict timely communication and decision-making during critical situations. Allowing just one member to call an emergency meeting may not adequately represent the board's consensus on the urgency of the topic. Hence, having a threshold that includes multiple members helps to protect against misuse of power while ensuring that the board can respond efficiently to urgent matters.