Document background
Action Minutes are essential corporate documents used in Nigerian business operations to record and formalize decisions made during organizational meetings. These documents must comply with the Companies and Allied Matters Act 2020 (CAMA) and other relevant Nigerian legislation. Action Minutes are particularly important when documenting board meetings, shareholder meetings, committee meetings, and other formal corporate gatherings where decisions affecting the organization are made. They serve multiple purposes: providing a legal record of proceedings, tracking action items and responsibilities, ensuring accountability, and serving as reference documents for future decision-making. The minutes must be maintained as part of the organization's official records and may be required for submission to regulatory bodies such as the Corporate Affairs Commission.
