Board resolutions are written documents that record the critical decisions taken by board members. They also give individuals or organizations to take action on the matter decided. They form a crucial part of the authority of a board and may have legal implications. However, writing effective resolutions is a challenge for new directors who are unfamiliar with the procedure.
The most effective way to get familiar with the format and language of resolutions is to work with templates that are pre-made and stored in your board portal. This will make the process of drafting resolutions much simpler for all members and ensure that the document conforms to the proper format.
A good resolution for the board resolutions drafting effective templates board begins with «Whereas» statements that explain the fundamental facts and rationale behind a decision. It concludes with «resolved» clauses that clearly identify the specific method to be followed. The resolution should include an inventory of the board members who participated for or against it and a space for the chairperson (or an authorized signatory) to sign their name.
It’s also important to keep in mind that only if all the directors are present at a board of directors meeting can a resolution be implemented. It can be a challenge to coordinate if your directors are in different cities or even countries. This is the reason why a template of a board resolution can be useful. It allows the board members to draft and pass resolutions with speed and accuracy, without waiting for everyone to be present in a formal meeting.
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