Nah! I'm making a few assumptions: a) It takes about 8 - 10 days...

Nah! I'm making a few assumptions: a) It takes about 8 - 10 days for the accountants to close the books after each month and collate the Board papers. Directors generally require a week to read and prepare. So Board meetings generally occur in the 3rd week of the month. In addition meetings are generally not held on a Monday or Friday. b) The Board has to meet to ratify the appointment of a new director. c) Directors review month and year to date accounts at Board meetings. d) Any relevant material outcome from the Board meeting has to be communicated to shareholders.

And there you have it!

btw it's also possible they agreed on the new director appointment via a telephone hookup and everything I've said above is schazblat!