Board Resolution
A formal statement documenting a decision made by the board of directors, typically following a motion, discussion, and vote during a board meeting. Board resolutions authorize specific corporate actions such as opening bank accounts, issuing shares, approving budgets, or entering into contracts. Resolutions are recorded in the board minutes and serve as official evidence that the board approved a particular action.
Related Terms
The official written record of proceedings, discussions, and decisions made during a board of directors meeting. Board m...
A formal expression of agreement by the board of directors to approve a specific action or resolution. Board consent can...
The minimum number of board members (or shareholders) who must be present at a meeting for the proceedings and votes to ...
A legal mechanism that allows the board of directors or shareholders to approve corporate actions through a signed docum...
More Board Meetings Terms
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