Joe Grundfest, a Stanford law professor and former SEC commissioner, teams up with Nicki Locker, a senior partner at Wilson Sonsini Goodrich & Rosati, to delve into the often-overlooked importance of board meeting minutes. They argue that these records are vital legal documents that serve as essential litigation insurance. The duo humorously describes the balance required in documenting these minutes, emphasizing detail and transparency while managing conflicts of interest, making even the seemingly mundane topic immensely valuable for corporate governance.