Provided by: johnpbeavers.com
Date Added: Oct 2000
Saying less is often better when it comes to corporate minutes. Minutes have two purposes: to inform and to protect. The purpose of this article is to give some guidelines for accomplishing both. When preparing minutes, consider the following three questions : "Who is the intended audience for these minutes?", "Who may rely on these minutes for purposes of protection of the business judgment rule?", "Who else may review these minutes?" For both informative and protective purposes, the decisions made are the most important content of the minutes. Minutes should reflect factors considered in making decisions only if needed by the intended audience or if advisable for showing compliance with the duty of care. Read the article to get the details of preparing effective minutes.These minutes reports is helpful to the organisation and investors.