Preparing Corporate Minutes: Time Well Spent

Law360, New York (February 14, 2012, 12:39 PM EST) -- This article is intended to provide guidance on drafting minutes of board of directors and board committee meetings. As most practitioners are aware, few rigid legal guidelines exist relating to the preparation of minutes, and the task is as much art as science. However, following some basic principles can promote the goals of corporate boards while limiting their exposure to liability.

Minutes are a corporation’s permanent record of the actions taken by its board of directors or a board committee. Minutes are required to be maintained...
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