Board resolutions are documents that are formal documents of crucial decisions taken by board members and authorize people or organizations to follow the established course of action. As such, they constitute an important part of a board’s power and could have legal implications. However, writing effective resolutions is a challenge for directors who are unfamiliar with the procedure.

It is advisable to use a template in order to familiarize yourself with the language and format of resolutions. The template is available on your portal to the board. This will make it simpler for members to draft resolutions and ensure the resolution is in line with the required format.

A well-crafted board resolution begins with “Whereas,” which explains the reasoning and facts behind a decision. It is concluded with “resolved,” which identifies the specific action to be taken. The resolution should then include an inventory of all board members who voted either in favor or against and a space for the chairperson (or the authorized signatory) to sign their name.

In the end, it is important to remember that a resolution can only be approved if all directors are present in person at the board meeting. This can be a challenge for directors who reside in different cities or countries and that’s why using a board resolution template is so beneficial. It allows the board members to draft and approve resolutions quickly and efficiently, without waiting for everyone to be present in a formal meeting.