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The minutes of certain groups, such as a corporate board of directors, must be kept on file and are important legal documents. [5] [6] [7] Minutes from board meetings are kept separately from minutes of general membership meetings within the same organization. [8] Also, minutes of executive sessions may be kept separately. [9]
The business may include electing a board of directors, making important decisions regarding the organization, and informing the members of previous and future activities. [1] At this meeting, the shareholders and partners may receive copies of the company's accounts, review fiscal information for the past year, and ask any questions regarding ...
A business record is a document (hard copy or digital) that records an "act, condition, or event" [1] related to business. Business records include meeting minutes, memoranda, employment contracts, and accounting source documents. It must be retrievable at a later date so that the business dealings can be accurately reviewed as required.
Minutes are a record of the decisions at meetings. They can be taken by a person designated as the secretary. For most organizations, committees are not required to keep formal minutes. [9] However, some bodies require that committees take minutes, especially if the committees are public ones subject to open meeting laws.
The law, which takes effect Jan. 1, has far-reaching implications for many business owners.
In parliamentary procedure, an order of business, as the name may suggest, is the sequence of items that is to be taken up during a meeting. This sequence may be a standard order of business or a sequence listed on an agenda that the assembly has agreed to follow.
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