Meeting minutes are used to record all items discussed and resolutions passed at board meetings. Maintaining these records is much more than a mundane formality.
Minutes play an important function in helping the business show how important decisions were made and which members voted for what.
Corporations are required to keep these records in order to maintain their corporate status. Furthermore, meeting minutes may be instrumental in helping fight any litigation seeking to attach personal liability to the board members for their actions by “piercing the corporate veil.”