What board of directors couldn’t benefit from “A minute on minutes“—that’s board meeting minutes, get it? David R. Street and Jane Southren outline pros, cons and warnings, from basic to advanced. For example:
- While accuracy is important, you have to have flexibility in deciding what to include
- Record that a decision was made, but do not forget to include the process and discussion surrounding how that decision was ultimately reached
- Consider making it a policy that, upon formal approval, all personal notes of directors made during a meeting are destroyed
Worth a look for boards looking to take a stricter approach to recording meetings. (The article might require free registration.)
I’ve just come upon audio recording systems for board meetings, too, but I’ll leave that to you.
First Reference Internal Controls, Human Resources and Compliance Editor