Minutes of directors’ meetings: Minimising the risk
- The importance of accurate minutes of meetings of directors came under the spotlight during the banking royal commission.
- As the degree of legal risk for business has increased considerably over the last 30 years, company directors should consider more fully the evidentiary role that minutes play.
- This article considers the legal duty to keep minutes of directors’ meetings, the level of detail that should be included, and the evidentiary use of minutes by regulators.
