The minute book of a company should contain its Certificate of Incorporation, Bylaws, and minutes or written consents covering all meetings and actions of the directors, committees of the Board of Directors, and stockholders. It is very important that the minute book be kept current and that it contains all necessary documentation. In financings, counsel for the investors or underwriters will often review the minute book carefully in connection with their due diligence investigations. Furthermore, up-to-date minute books will aid in establishing that corporate formalities were observed, which will be helpful in avoiding any stockholder liability problems.