Document background
Action Minutes are crucial corporate governance documents used to maintain official records of business meetings and decisions in accordance with Austrian law. They are required whenever formal corporate meetings take place, including board meetings, shareholder meetings, and supervisory board meetings. The minutes must comply with Austrian corporate law requirements, particularly the UGB (Commercial Code) and specific provisions in the Stock Corporation Act (AktG) or Limited Liability Companies Act (GmbH-Gesetz), depending on the company type. Action Minutes serve as legal evidence of decisions made, track assigned responsibilities, and form part of the company's official records. They are particularly important for demonstrating compliance with corporate governance requirements and providing a clear audit trail of organizational decision-making.
