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The Importance of Directors’ Meeting Minutes - “Who, What, Where, When and Why?”
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Both your company and you personally are put at risk if you fail to comply with the many fiduciary duties and statutory responsibilities imposed on you by the Companies Act.
As part of managing that risk you should prioritise the preparation and retention of correct and accurate minutes of all your board and committee meetings. This is not only a legal requirement but also good corporate practice, and it will pay you to ensure that this vital process is carried out carefully and properly.
We share some thoughts on how to do that under the “5Ws” headings of Why, What, Where, When and Why.
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