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
EIN verified against IRS records Encrypted at rest and in transit Export everything, free, forever Monthly — cancel in one click Security details
Simplify Your Board Governance
I'mBoard helps startup CEOs manage board materials, track resolutions, and run better meetings.