Board of Directors Resolution

A Board of Directors Resolution is a formal document that records a decision or action taken by a corporation’s board of directors. It is typically used to approve significant corporate actions, such as entering into contracts, borrowing money, or appointing officers. The resolution includes the date of the board meeting, the names of the directors present, and a description of the action being taken. It is signed by the board chair or secretary and becomes part of the corporation’s official records. Board resolutions are an important tool for demonstrating that the board has exercised its fiduciary duties and acted in the best interests of the corporation. They also provide a clear record of the board’s decisions and help to ensure transparency and accountability.