Directors must be constantly aware of their risk of personal liability if they fail to fulfil their fiduciary duties in compliance with the Companies Act.
Directors’ meetings are critical in this regard, and we discuss what is required in terms of minutes to be kept, what they must contain and why they are so important.
We also look at the golden rules of minutes - the “5Ws” (“Who?”, “What?”, “Where?”, “When?” and “Why?”), with a closing comment on the balancing act between transparency and confidentiality.
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