Corporate Minutes are a written record of a meeting or hearing. They typically will describe the event of the meeting, who attended and the issues that were considered by those there.
The minutes of certain groups such as corporate board of directors are required to be kept on file and are legal documents that may be referenced at any time. They also are an essential part of corporate records in general. They allow board of directors to review what occurred at a board meeting. They can also be helpful if any lawsuits arise keeping board members from personal liability.
How it Works
The date, time and place of the meeting should be clear on the minutes. The purpose of the meeting and whether or not board of directors was required to attend also should be noted. List all members present and a brief statement if the last minutes were approved. List when the meeting was adjourned and date, time and place of the next board meeting.