Actions by Corporate Board

Boards of directors typically take action through meetings where they issue resolutions recorded in minutes. However, in closely held corporations, actions can also be taken through unanimous consents, which are agreements signed by shareholders or directors outside of meetings. These actions are later recorded to formalize them. Both meetings and written consents are common methods for directors to make decisions.

How do boards of directors typically take action?

What is the role of resolutions in board meetings?

In what situations might directors not hold meetings?

What are consents in the context of board actions?

How are actions taken by directors recorded?