Category: Corporate News

  • Why Formalise Corporate Decisions ?

    Minutes, Registers and Collective Decisions: The Fundamentals of Effective Legal Secretarial Work

    In a company, important decisions should never remain oral. Properly formalising them is both a legal obligation and a key security tool for the business.

    Why is it important?

    Formalising corporate decisions allows you to:

    • Prove that decisions were actually taken
    • Protect directors and shareholders in case of dispute
    • Comply with OHADA law (Uniform Act on Commercial Companies)
    • Facilitate controls (tax, banking, investor due diligence)
    • Ensure continuity and traceability of the company’s life

    Without written documents, a decision can be challenged or considered non-existent.

    Essential documents to master

    1. Minutes (Procès-verbaux)
    They record decisions taken at general meetings or board meetings.
    A good set of minutes must include:

    • Date and place of the meeting
    • Identity of the participants
    • Agenda
    • Resolutions adopted
    • Voting results (for, against, abstentions)
    • Signature of the chairman and the secretary of the meeting

    2. Mandatory registers
    Every company must keep certain registers, in particular:

    • Register of shareholders’ or partners’ deliberations
    • Register of board of directors’ deliberations (for public limited companies)
    • Register of securities movements (shares or partnership interests)

    These registers must be numbered and initialled.

    3. Collective decisions
    Even outside a formal meeting, certain decisions must be formalised in writing (for example through written consultation of the partners). This guarantees their validity.

    Good practices to adopt

    • Draft the minutes promptly after each meeting
    • File and archive all documents in an organised manner
    • Update the registers without delay
    • Keep the documents for the legally required period (usually several years)
    • Have the legal secretariat regularly reviewed by a professional

    In summary

    A well-managed legal secretariat is not just a formality. It is a tool for protection, transparency and credibility for the company.
    Properly formalised decisions help avoid conflicts, reassure partners and secure the proper functioning of the business.