Should you keep minutes of executive sessions?

Directors & Boards | March 22, 2006| | Copyright

Yes

THERE IS LITTLE established law concerning executive sessions--they are not mandated by state law--and market practice is still evolving. Therefore, executive sessions tend to vary widely in content and length. Similarly, record-keeping practices tend to vary substantially. Clients frequently ask me whether they should prepare minutes of executive sessions of the board.

The answer is a resounding "Yes." Although executive sessions are more informal and do not have the same standing as board committee meetings, they benefit from observing many of the ...

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