How to Write a Board of Directors Resolution | Property Enhancer

Board resolutions are legally binding documents which record the results of the votes and decisions taken by your company’s board of directors during an annual board meeting. Significant situations, such as the appointment of new directors, firing or hiring employees, or selling company shares all call for the board resolution to be used as a compliance evidence that your board has approved these important decisions.

In order to Why Your Company Needs a Due Diligence Data Room for Efficiency write a board of directors resolution, your first step is to determine the kind of decision you’re making. Go through your company’s policies to determine if it requires a special or ordinary resolution. In your company’s governing document it will be specified how many directors must be present to vote on the decision. For example, you might need a quorum of at three directors to approve resolutions that require binding decisions.

Start with the appropriate title for the document. This will enable you to quickly identify the document in your records system. Include an individual resolution number in your document-keeping system. This will make it easy to reference the resolution in the future.

After the resolution has been written, it is crucial to make sure that the resolution is approved by the directors who are required to sign it. It is recommended to use board portal software for this purpose, since it helps make the process of writing and electronically signing resolutions streamlined and convenient.