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Why your board minutes could land you in court

London meeting room with large table and multi-media
Photo: Getty Images

Could directors be exposing themselves to liability in legal disputes?

For many companies, the drafting of board minutes is treated as an afterthought. Yet when problems arise, those same minutes can determine the outcome of a dispute. Increasingly, regulators and courts treat minutes as definitive evidence of what directors knew, discussed, and decided. Poorly prepared minutes can therefore expose directors

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