Overview
A board resolution outlines decisions made by the board, giving direction on significant matters and serving as a legal record of board actions.
Passing and Certifying Resolutions
How Resolutions are Passed
- By majority vote of directors entitled to vote.
- Directors get 7 days to respond.
- Interested directors cannot vote.
Authorization to Sign and Certify
The Board authorizes a Director, Employee or Officer to sign and certify a resolution.
Significance and Attestation
Comparing Laws and Resolutions
Laws bind but resolutions record decisions.
Attestation Process for UAE
- Obtain chamber of commerce certification.
- Complete other required attestation levels.
Notarization
Notarization of Resolutions
- Notarization is not required.
- Adds credibility when used in court.
Certification and Notarization
- Does not need notarizing.
- A director, officer, or shareholder can attest to its authenticity.