When is the board required to submit its annual report on activities?

The correct answer indicates that the board is required to submit its annual report on activities 60 days after the fiscal year. This time frame is significant because it ensures that the board provides timely and relevant information to stakeholders about the organization's performance and activities during the past fiscal year. Reporting within this period allows for sufficient time to compile data, reflect on the year’s outcomes, and make necessary evaluations before submitting the report.

In many organizational structures, timely reporting is essential for transparency, accountability, and proper governance. The 60-day deadline balances the need for thoroughness in preparing the report with the urgency of making the information available to stakeholders who may rely on it for decision-making. This practice also aligns with common governance standards and laws pertaining to the operations of boards.

While the other options present different time frames, they do not align with the established requirement for annual reporting. The choices of 30, 90, or 50 days would either rush the preparation process, potentially compromising the thoroughness and accuracy of the report, or extend too long beyond the acceptable window for stakeholders to receive relevant information in a timely manner.