Updated on: Oct 12th, 2021
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5 min read
Board minutes refers to instant notes or take away pointers of any meeting or a hearing in court. Events or protocols are recorded (either on a computer, paper, or even on audio) to be referred upon at a later stage. A board minute is to be treated as a legal and official record of the meeting, attended by all the board members of a company. Board members are a group of individuals that are elected to represent the company, and take decisions on major company issues.
Board minutes should be accurate and can be considered as a legal evidence in the court of law. It has to be transcripted (written down) or worded in a simple manner. Some of the companies even audio-record board minutes for accuracy. Notes of a board meeting can be used to solve issues in a company and to deploy better management skills for the betterment of any company.
The details that a board minutes should capture are:
Board minutes capture crucial details of meetings, serving as a legal record for decisions. Includes attendees' names, agenda, actions taken, and voting outcomes. Vital for company management and issue resolution. Can be written or audio-recorded for accuracy. Requires precise documentation and can be used as legal evidence. Key information like meeting date, attendees, and decisions should be included.