Suhas,
You might consider adding a brief perspective on the employment outlook, technology implications for your programs, and I'd suggest changing "any other business" to "new business." The new business item allows you the flexibility of tabling any items that surface which require more time, research, or reaction.
Do you provide the board with enrollment numbers and projections? If you choose to do so you might stimulate ideas on how to increase your numbers and expand your enrollment base.
R. Roehrich