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Board meeting minutes serve to document what occurred during board meetings for organizations, particularly in community and non-profit settings. They should highlight decisions or policy outcomes rather than provide a verbatim account of discussions, serving as a reference for absent members. While similar principles apply to for-profit meetings, non-profits have unique considerations. Importantly, even small charitable organizations that are incorporated are required to maintain meeting minutes. The video also offers a link to a customizable meeting minute template, emphasizing the importance of proper documentation in organizational governance.