To review the progress of the business

Dear Learned Members,

I was looking for a resolution for the titled Item but i didn't found any appropriate matter regarding the same. So, i tried to draft the matter myself. Kindly review it once, if it seems fine or if it requires any modification.

TO REVIEW THE PROGRESS OF THE BUSINESS

The Board reviewed the business and discussed the general affairs of the Company and found that the business is going satisfactorily.

Mr..................... suggested that the Board shall regularly review the progress of the business and identify how the company can make the most of the market position which it has established and decide where to take the business next.

So, the Board will need to revisit and update the business plan with the new strategy in mind and make sure to introduce the noted developments in the upcoming meetings .

Thanx in Advance! :)