Saturday, June 28, 2014

All The Information You Need To Know About Corporate Minute Books

By Sherry Gross


These books can generally be described as stores of information pertaining to different activities undertaken by a corporation. The details of corporate minute books are updated from time to time whenever there is an official meeting of an organization. They can also be used in recording the proceedings in any business in which the owners meet.

These documents are mostly handwritten. This is done as a form of preventing any fraudulent activity to be performed. Usually, there are only two or three people who can write in these documents. This is done in case there are any inconveniences to the secretary and he or she fails to attend a meeting. This will ensure that no other person can interfere with the information contained in that book. This was the traditional method which is seen as a safer way in the world today.

In many places, the law requires firms which are incorporated and registered to keep a document with current minutes. These minutes are usually kept at the official address of the organization, or the registered office so that they can be accessed when need be. The minutes should be accessible to each member of the corporation whenever he or she wants to check any information. They should however be kept in a secure place.

Apart from being used in the business world, they are also used in courts. The deputies in the courtroom are the ones held accountable in keeping the records updated and safe. Just as it is in the courts, the secretaries of various companies are the ones who update and keep these records. The secretary is the answerable person to anything that happens to the document.

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.

There are many people who use the information contained in this document for different purposes. There are those who would like to know the history of the corporation and there are others who want to know the current performance. The current performance can easily be compared to that of the past years. The comparison can be of the different managerial teams as well as financial performance.

In case you want to purchase a book like to perform this task on, you can easily find one. One can buy it from a local shop or a bookshop. They are very cheap and some even contain numbered pages. You should first decide on the exact book that you want before finally purchasing the book.




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