Corporate Resolutions Overview
A corporate resolution documents a corporation’s board of directors’ actions and decisions. The purpose is to create accountable documents showing licensing boards the corporation meets requirements.
They authorize officers to sign contracts on the corporation’s behalf. For example, the director of Human Resources may sign employment contracts with employees.
All major board decisions need recording as a corporate resolution for accountability. This ensures the board acts in the company’s best interest. Examples requiring resolutions include:
- Approving new board members and officers
- Accepting the bylaws
- Creating a bank account
Signing and Maintenance
Like every legal document, resolutions must be signed and dated by board members. The secretary may write out a resolution during or after meetings.
Maintain resolutions with other corporate documents like meeting minutes. They normally do not require submission to agencies.
Who Signs a Resolution?
Who signs a resolution by a corporation?