Directors’ meetings refer to board meetings or board committee meetings where different viewpoints are considered before deciding on a course of action. Directors must be able to establish that their decisions are made with care and diligence, in good faith and for a proper purpose. Accurate minute taking is essential to keep a record of the process by which directors make decisions on behalf of the company.
What are the legal requirements for directors’ meetings?
Directors’ meetings are less heavily regulated than general meetings, so boards, to some extent, can set their own internal rules.
For many companies, rules regarding directors’ meetings will be contained in their constitution.