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General Meeting Minutes: Example and Template of AGM Minutes
How to Write Effective General Meeting Minutes
Writing minutes, or General Meeting (GM) minutes, is a critical step for ensuring the smooth functioning of any organization, whether it’s a business or an association. These documents keep all stakeholders—shareholders, managers, board members, or directors—up to date on what was discussed during the meeting. To facilitate communication, GM minutes should be carefully drafted, providing a clear and concise account of the discussions and decisions made. Given the importance of adhering to certain standards, understanding both the content and structure of minutes is essential. Here are our tips for writing excellent General Meeting minutes!
Tips for Drafting General Meeting Minutes
To write high-quality General Meeting minutes, you need to focus on two key aspects: content and structure. Attention to detail in these areas will ensure the quality and accuracy of your document.
Formatting Your General Meeting Minutes
The person responsible for drafting the minutes—usually the meeting chair or secretary—should aim for clarity and accessibility.
While handwritten minutes were standard in the past, digital documentation is now the norm. Regardless of the method, the following details are essential for proper documentation and archiving:
- Date: Clearly state the date of the meeting.
- Author’s signature: Ensure the minutes are signed by the author.
- Classification: Assign the minutes to the appropriate category for easy retrieval.
Readability: If you opt for handwritten minutes, ensure they are legible and free of errors or unnecessary annotations. Present a clean, organized document with spaced-out text.
Pagination: If your minutes span multiple pages, number them sequentially. Templates can be helpful in maintaining consistency and organization.
Digital Transformation: The digitization of GM minutes is gaining popularity, offering enhanced accessibility and simplified electronic sharing and archiving.
Structuring the Content
Now that you know how to format your General Meeting minutes, it’s time to focus on the content.
A key principle to remember is that minutes do not need to transcribe the entire meeting verbatim. Instead, they should summarize the key points discussed, debates held, and decisions made, ensuring stakeholders who were absent are fully informed. Always comply with the applicable statutory clauses when drafting your minutes.
The following information must be included:
- Organization Details: Include the organization’s name, legal status (e.g., LLC, Inc.), capital amount, registered office address, SIREN number (if applicable), and registration details.
- Meeting Details: Specify the date, location, time, type of meeting, participants (present and represented), convening authority, agenda, supporting documents provided, notable events, and the time of adjournment.
- Decisions Taken: Summarize the discussions, key debates, adopted resolutions, voting results, and details of the signatories.
Clarity and Objectivity: Draft the minutes in a clear and neutral tone, ensuring the full proceedings are accurately represented. Attach annexes for less formal supporting documents if needed.
For association or co-ownership meetings, pay special attention to the content. For instance, co-ownership meeting minutes should address management issues or decisions made during voting sessions.
Why Are General Meeting Minutes Necessary?
Drafting General Meeting minutes is a legal requirement for companies. Whether for a partnership or a corporation, holding a General Meeting and recording its minutes is mandatory.
Beyond the legal obligation, minutes are invaluable for documenting decisions related to an organization’s operations and guiding future actions. They serve as a reference for understanding how decisions were made and how to better anticipate organizational needs.
Key Types of General Meeting Minutes
- Company Formation Minutes: Crucial during the creation of a company, these minutes document the inaugural meeting and are required for company registration.
- Minutes for Statutory Changes: These record decisions about modifications, such as changes in leadership, registered office address, or shareholder composition, and must be submitted to the commercial court registry.
- Dissolution and Liquidation Minutes: These formalize decisions related to the closure of a company and are necessary for legal procedures.
Legal Compliance: General Meeting minutes are used as evidence in disputes. For this reason, they must comply with legal standards and be stored in a dedicated register at the registered office.
Why Choose Voteer for Meeting Minutes?
Voteer streamlines General Meeting minutes by integrating attendance records and voting results into a single, secure platform. Electronic voting simplifies the process, ensuring accessibility, security, and customization. Plus, electronic minutes are legally robust and tamper-proof.
Optimize your organization’s General Meeting processes with Voteer—your partner in secure electronic voting and documentation.
FAQ
What is an Ordinary General Meeting (OGM) ?
An Annual General Meeting (AGM) is a legal requirement for all companies. It must be held within six months after the end of the company’s fiscal year. During the AGM, the company’s stakeholders, such as partners or shareholders, gather to discuss and review the annual accounts, results of the previous year, and upcoming projects. During this meeting, voting sessions are organized to reach agreements on various issues.
Who Drafts the Minutes?
Typically, the company or association leader is responsible for drafting the AGM minutes. Depending on the type of company, this can be:
• The manager for an LLC (Limited Liability Company)
• The chairperson of the meeting or a board member for corporations (C Corps or S Corps)
However, in some cases, when all conditions are met, a secretary may be appointed to write the AGM minutes. It is essential that this person can follow and understand the topics discussed during the meeting.
What’s the Difference Between an OGM and an Extraordinary General Meeting (EGM)?
An EGM (Extraordinary General Meeting) can take place several times a year when exceptional decisions need to be made in the context of the business. On the other hand, an AGM is held once a year to review the overall health of the organization.
Note: Regardless of the type of general meeting, drafting minutes remains a requirement for companies and associations. The minutes document the decisions and votes made during the meeting. Without these minutes, participants could easily contest the decisions made.
How Long Should General Meeting Minutes Be Retained?
The law requires that General Meeting (GM) minutes be retained for a period of 5 years from the date of the last recorded General Meeting minutes.
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