2015 07 01 | Category: Offshore Glossary

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Minutes – Brief summary of proceedings of a meeting/assembly/committee.
Official record of the events of a corporation, typically including all the events taking place at both shareholders’ meetings and board of directors’ meetings. Organizational minutes allow for the issuance of shares to shareholders, appoint directors and officers and approve the by-laws of the corporation. These records are usually kept in the corporations’ record book. Also called Organizational minutes or Corporate Minutes.