What Exactly Is a Board Resolution?

You bear a lot of responsibility as a company owner. With each step you take, you help your firm develop and flourish by handling day-to-day activities. Being a member of a large corporation, though, requires you to answer to your shareholders—and, most likely, a board of directors as well. The board of directors of any business is a governing body that is responsible for making all significant corporate decisions. It is generally made up of substantial shareholders, equity partners, and senior officials. The board meets on a regular basis, although emergency meetings might be held if there is a particularly urgent business decision or other item that has to be handled. The Board Resolution is a document that formalizes the choices.

What Exactly Is a Board Resolution?

A Board Resolution is a legal document that assists in identifying the functions of corporate offices as well as the outcome of any votes or decisions made by the board affecting the firm. These are usually written after a new member is elected to the board. But, they are also utilized when and/or if the business wishes to grow, recruit, or fire a big number of employees; sell shares; purchase any type of intellectual property rights; and/or make any other important choice that will have a huge impact on the firm. Board Resolutions are included in the board minutes and serve as an accurate record of decisions taken at a board meeting.

Now that you know what a Board Resolution is, you can draft your own. We provide a fast and simple Board Resolution service that allows you to modify and print your own Board Resolution documents in minutes.