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Degree of Detail in Board Minutes: Too Much or Too Little?
Author(s): Banks, Timothy, Chu Steinberg, Jenny
Date:  December 3 2007
While few would argue with the proposition that directors ought to make formal records of their meetings, there is a perennial debate regarding whether minutes of board meetings and their committees should be detailed or tend toward the perfunctory.
 
Though there is a natural apprehension that detailed minutes might provide fodder for opposing counsel in a legal dispute or might prove to be embarrassing to the company if read by others, a consensus is developing that board minutes in public companies should tend toward being detailed.

Co-authored by Timothy Banks, Jenny Chu Steinberg and Michael Melanson.

As originally published in Corporate Governance, v.6 no.3 (2007) p.314




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