Thursday, June 26, 2014

All You Need To Know About Corporate Minute Books

By Sherry Gross


These are books which stores detailed information regarding deliberations and resolutions pertaining to a particular organization. Corporate minute books are usually written during legal events or official meetings of a corporation. Also, they can be used to record proceedings of various meetings that business can hold.

These documents are usually handwritten and their page numbers are well written in a secure manner. This is usually meant to keep the records safe from any fraudulent activity. Handwritten books are more secure since it is hard to temper with them. Apart from being hard to forge, people use them to maintain the traditional way of handling such documentation.

Corporations are required by the law to keep records of this nature at any one given time. The information contained in this document should be accessible to any member of the corporation at any time. Apart from availing them to the shareholders, they should also be kept safely. Another thing is that the minutes must be within the main office of the corporation.

This kind of a recording system is also familiar in the courtrooms. The courtroom deputies records and maintains such documents. They usually update the books during hearings as well as during trials. Just like in the courts, secretaries in various organizations are held responsible for such work. They must update the document by recording the proceedings of the current meeting.

Due to changes in technology, people have changed the way in which they conduct recording. There are some businesses which are now opting to typing rather than the traditional method of using freehand. The secretary usually types the minutes as the meeting is ongoing and then files the printout. Before the documents are filed, some selected signatories have to sign them. This helps in curbing fraudulent practices.

Most events and publications of a corporation are usually kept in the minute book. The documents kept here include publications such as by laws, corporate articles, and annual reports. Resolutions by directors and shareholders are recorded here as well. They do also contain information on the various meetings that has been held within the organization. The resolutions and actions that have been agreed on are also recorded.

These records play an important role to the continuity of the corporation. They give people who are interested in the corporation a chance to study the history of that organization. This also helps in accessing performance of that organization as well as comparing progress. Progress can be compared between leaders in terms of differently different leaders have been acting towards various issues. This is an important aspect especially when the leaders portray poor governance.

These books are not made in any special way or material. They can be purchased from any local bookshop or any other store which sells them. There are those which are numbered and others which are not.




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