Which of the following best describes the corporate minutes of an entity?
A) official record of the meetings of the board of directors and the stockholders
B) unofficial record of the meeting of the board of directors
C) official record of management meeting with investors and creditors of the company
D) unofficial record of the board of directors' meetings

Question

Quizplus · Accepted Answer

Corporate minutes are the official record documenting the discussions, decisions, and actions taken during the meetings of the board of directors and stockholders of a company. They serve as a legal record and are required to be kept by law.

Which of the Following Best Describes the Corporate Minutes of an Entity