Joint statement on board minutes

Summary

Governance Institute of Australia and the Australian Institute of Company Directors have released the attached Joint Statement on board minutes, prompted by the heightened level of scrutiny that the practice of minute-taking has attracted since the Hayne Royal Commission.

The Statement outlines the two organisation’s perspective on current issues in minute taking to support their members in this area and help guide debate on this topic. In this statement, we summarise key principles, provide our view on matters to be included in minutes, and consider the approach to board papers and document retention policies.