Skip to content

CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board Processes through Secretarial Standards

Lotus Steel Ltd's CS prepares minutes of a Board meeting. Which of the following is a requirement of Section 118 that the CS, in ensuring compliance, must observe?

Board minutes must contain the names of the directors present and, for each resolution, the names of any directors dissenting or not concurring. They must also be a fair and correct summary, so omitting dissenters because the resolution passed is not permitted.

  1. AMinutes must contain the names of directors present and, for each resolution, the names of any dissenting directorsCorrect
  2. BMinutes need only record the final resolutions without any summary of the proceedings
  3. CDissenting directors' names may be omitted if the resolution passes by majority
  4. DMinutes must be kept within ninety days of the meeting

Explanation

Section 118(4) requires Board minutes to contain the names of directors present and, for each resolution, the names of directors dissenting or not concurring. Section 118(2) requires a fair and correct summary, and minutes are to be kept within thirty days, not ninety, so the other options are wrong.

Did you get it right without looking?

One question tells you little. A timed set on Board Processes through Secretarial Standards shows your real accuracy, how long you take and where you lose marks.

Practise Board Processes through Secretarial StandardsFree diagnostic mock

More Board Processes through Secretarial Standards questions