“Up to the Minute”: Record-Keeping in Board and Company Meetings

Typically a company’s constitution specifies the procedures for holding company and board meetings. However, it is rare for a constitution to specify how proceedings at a meeting should be recorded.

This briefing considers the approach of the Companies Act 2014 (the “Act”) to taking minutes, the recent Institute of Chartered Secretaries and Administrators (“ICSA”) Guidance1 on minute-taking (which is likely to be regarded as good practice) and regulatory considerations in respect of some companies in the financial services sector.

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