Board Resolution definition: Copy, customize, and use instantly
Introduction
The term "Board Resolution" refers to a formal decision or declaration made by the board of directors of a company. It serves as an official record of the decisions taken during board meetings and is often used to authorize actions, approve transactions, or establish company policies. A board resolution ensures clarity and legal validity of the decisions made by the board, and it is crucial for governance and compliance purposes.
Below are various examples of how "Board Resolution" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Board Resolution" as an approval of company actions
This definition ties "Board Resolution" to the approval of company decisions.
"Board Resolution" means a formal decision or approval made by the board of directors, ratifying actions taken by the company or authorizing specific activities, as detailed in the minutes of the meeting.
Definition of "Board Resolution" as an authorization of a transaction
This definition connects "Board Resolution" to the authorization of specific transactions.
"Board Resolution" refers to the formal approval granted by the board of directors for the execution of a specific transaction, including but not limited to mergers, acquisitions, or financial agreements.
Definition of "Board Resolution" as a record of board decisions
This definition applies "Board Resolution" to the documentation of decisions.
"Board Resolution" means the official written record of the decisions taken during a board meeting, detailing the resolutions passed and any actions that are to be undertaken as a result.
Definition of "Board Resolution" as an approval of financial matters
This definition links "Board Resolution" to financial decisions.
"Board Resolution" refers to the formal approval by the board of directors for any significant financial matters, including the approval of budgets, investments, or debt issuance, as recorded in the meeting minutes.
Definition of "Board Resolution" as a formal corporate action
This definition connects "Board Resolution" to corporate governance.
"Board Resolution" means any formal action or decision made by the board of directors that is required for compliance, governance, or operational purposes, as recorded in the company's corporate records.
Definition of "Board Resolution" as an authorization of executive actions
This definition ties "Board Resolution" to executive authority.
"Board Resolution" refers to the approval granted by the board of directors to authorize executive officers to take specific actions or decisions on behalf of the company.
Definition of "Board Resolution" as an approval of corporate policy
This definition links "Board Resolution" to policy decisions.
"Board Resolution" means the formal approval or adoption of a corporate policy, guiding principles, or operational procedures, as authorized by the board of directors in a duly convened meeting.
Definition of "Board Resolution" as a decision for shareholder matters
This definition connects "Board Resolution" to shareholder-related issues.
"Board Resolution" refers to a decision made by the board of directors regarding matters affecting the shareholders, such as the declaration of dividends, changes in shareholder rights, or amendments to the corporate bylaws.
Definition of "Board Resolution" as a confirmation of company actions
This definition applies "Board Resolution" to the confirmation of actions taken.
"Board Resolution" means a formal confirmation by the board of directors that the actions undertaken by the company, officers, or agents have been reviewed and approved as in line with company policies and governance.
Definition of "Board Resolution" as a corporate governance decision
This definition ties "Board Resolution" to corporate governance practices.
"Board Resolution" refers to any formal decision made by the board of directors regarding the governance of the company, including the appointment of officers, changes to the board structure, or other structural modifications.
Definition of "Board Resolution" as a decision regarding legal matters
This definition links "Board Resolution" to legal authorization.
"Board Resolution" refers to the formal approval by the board of directors for any legal matters, including the authorization of litigation, legal settlements, or engagement with legal counsel.
Definition of "Board Resolution" as a decision to execute documents
This definition connects "Board Resolution" to executing documents.
"Board Resolution" means the formal approval by the board of directors to execute certain documents, agreements, or contracts, confirming that such actions are authorized and legally binding.
Definition of "Board Resolution" as a decision regarding the company’s capital structure
This definition ties "Board Resolution" to financial structuring.
"Board Resolution" refers to the approval of decisions concerning the company's capital structure, including the issuance of shares, bonds, or any other financial instruments that impact ownership or funding.
Definition of "Board Resolution" as an official approval for a business strategy
This definition connects "Board Resolution" to strategic business decisions.
"Board Resolution" means the formal approval by the board of directors regarding the company’s business strategy, including long-term goals, operational initiatives, or new market expansions.
Definition of "Board Resolution" as a decision on executive compensation
This definition ties "Board Resolution" to executive pay.
"Board Resolution" refers to the formal decision made by the board of directors regarding the compensation packages, bonuses, and benefits for executives or senior management.
Definition of "Board Resolution" as an adoption of bylaws or amendments
This definition links "Board Resolution" to the creation or modification of bylaws.
"Board Resolution" refers to the formal adoption or amendment of the company’s bylaws or other governing documents, as approved by the board of directors.
Definition of "Board Resolution" as a decision on employee matters
This definition connects "Board Resolution" to employment-related decisions.
"Board Resolution" means the formal approval by the board of directors regarding employment policies, including the hiring, termination, or compensation of employees, as documented in the meeting minutes.
Definition of "Board Resolution" as a decision on external partnerships
This definition ties "Board Resolution" to business partnerships.
"Board Resolution" refers to the decision made by the board of directors to enter into strategic partnerships, joint ventures, or collaborations with external parties, as outlined in the resolution.
Definition of "Board Resolution" as a corporate restructuring decision
This definition connects "Board Resolution" to organizational changes.
"Board Resolution" means the formal decision by the board of directors to approve corporate restructuring activities, such as mergers, acquisitions, or divestitures, as documented in the meeting minutes.
Definition of "Board Resolution" as a decision to amend the company's charter
This definition ties "Board Resolution" to amendments to the company's foundational documents.
"Board Resolution" means a formal decision by the board of directors to amend or modify the company's charter, articles of incorporation, or similar foundational documents, as detailed in the meeting minutes.
Definition of "Board Resolution" as the approval of executive appointments
This definition connects "Board Resolution" to the appointment of company executives.
"Board Resolution" refers to the approval by the board of directors of executive appointments, including the hiring or termination of senior management positions, as specified in the meeting.
Definition of "Board Resolution" as a decision on dividend distribution
This definition links "Board Resolution" to the distribution of dividends.
"Board Resolution" means the formal decision by the board of directors to declare and distribute dividends to shareholders, including the amount and timing of such payments.
Definition of "Board Resolution" as the authorization of borrowing or loans
This definition ties "Board Resolution" to financial decisions involving borrowing.
"Board Resolution" refers to the formal authorization by the board of directors for the company to borrow money, enter into loan agreements, or obtain credit facilities as specified in the resolution.
Definition of "Board Resolution" as the approval of a budget
This definition connects "Board Resolution" to financial planning.
"Board Resolution" means the formal approval by the board of directors of the company's annual budget, outlining projected revenues, expenses, and capital expenditures.
Definition of "Board Resolution" as the approval of an investment strategy
This definition ties "Board Resolution" to investment decisions.
"Board Resolution" refers to the formal decision by the board of directors to adopt an investment strategy, including the approval of specific investments, funds, or asset classes for the company's portfolio.
Definition of "Board Resolution" as the authorization of the execution of contracts
This definition links "Board Resolution" to contract execution.
"Board Resolution" means the formal approval by the board of directors to execute specific contracts, agreements, or obligations on behalf of the company, as detailed in the resolution.
Definition of "Board Resolution" as the establishment of a committee
This definition connects "Board Resolution" to the creation of committees.
"Board Resolution" refers to the decision by the board of directors to establish a new committee, define its responsibilities, and appoint members to the committee.
Definition of "Board Resolution" as the approval of a merger or acquisition
This definition ties "Board Resolution" to corporate transactions.
"Board Resolution" means the formal approval by the board of directors of a merger, acquisition, or similar corporate transaction, including the terms and conditions of the deal.
Definition of "Board Resolution" as the appointment of auditors
This definition links "Board Resolution" to audit-related decisions.
"Board Resolution" refers to the approval by the board of directors for the appointment or removal of the company's auditors, as well as the approval of their fees and terms of engagement.
Definition of "Board Resolution" as a decision on company policies
This definition connects "Board Resolution" to internal policies.
"Board Resolution" means a formal decision by the board of directors regarding the approval, modification, or adoption of company policies, including operational, ethical, or compliance-related policies.
Definition of "Board Resolution" as the approval of stock issuance
This definition ties "Board Resolution" to equity decisions.
"Board Resolution" refers to the approval by the board of directors for the issuance of company stock or securities, including terms, price, and recipients.
Definition of "Board Resolution" as the authorization of a capital expenditure
This definition links "Board Resolution" to capital investments.
"Board Resolution" means the formal approval by the board of directors for specific capital expenditures, such as investments in equipment, property, or infrastructure.
Definition of "Board Resolution" as the approval of a financing agreement
This definition connects "Board Resolution" to financing arrangements.
"Board Resolution" refers to the approval by the board of directors of financing agreements, including loans, credit lines, or bond issuance, as outlined in the resolution.
Definition of "Board Resolution" as a decision on executive bonuses
This definition ties "Board Resolution" to executive compensation.
"Board Resolution" means the formal decision by the board of directors to approve executive bonuses, including performance-based compensation and incentive plans.
Definition of "Board Resolution" as the approval of a restructuring plan
This definition links "Board Resolution" to organizational changes.
"Board Resolution" refers to the formal approval by the board of directors of a corporate restructuring plan, including the reorganization of departments, management, or business units.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.