The protection that Board Minutes can provide Our client, an incoming director of a company that he was acquiring using finance, was incorrectly accused of fraud by the outgoing directors. They sought to challenge their knowledge of the finance that had been procured, approval of it and that our client had the requisite authority. That’s when carefully drafted and signed-off Board Minutes became crucial evidence. These showed that the outgoing directors had been fully appraised of the finance being procured, terms of the finance and that they had all agreed to the same.Â
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