The company’s directors are generally responsible for managing the company’s business. Therefore, the directors’ meetings are the forum in which the directors make decisions relating to the board of directors’ oversight role of the operations and the management of the company.

Directors' Meeting Minutes serve as a written record documenting all resolutions made during a meeting of the board of directors of a company. It ensures that the board of directors operate effectively and transparently, and that the company's actions and decisions are properly documented and communicated.

Note that this template does not fulfil the company's responsibility to provide directors with adequate notice of the meeting. For such notice, use the Notice of Directors' Meeting.

The minutes are typically prepared by the company secretary, or another person designated by the board. The minutes should be accurate and objective and should not include any personal opinions or commentary. It is not uncommon to provide summaries of discussion, however the minutes should convey all the important points covered by the meeting.

Where a director has a material personal interest in a transaction or matter being considered at a meeting of directors, the minutes must show that the director disclosed that interest, see section 191(3) of the Corporations Act 2001 (Cth).

It is important to note that, following the meeting, where the board has passed a resolution approving a company change, ASIC should be notified within 28 days. There may also be certain obligations under the company's constitution that have to be met.

Resolutions may also be passed through circulating resolutions, however in such circumstances all of the directors who are eligible to sign are required to sign. See Directors' Circulating Resolution (General).