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 of the meetings of the board of directors and the stockholders. They document the decisions made and actions taken at these meetings, and are considered legal and binding records of the company's activities.

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