Board of Directors Resolutions Board of Directors Resolutions are formal documents that outline and record the official decisions made by a board of directors. As such, they are binding on the organization. They could be requested by company’s shareholders or government authorities as part of a verification process. Board resolutions are usually created during board meetings and must be passed by a majority of board members. They may also be ad hoc papers that are voted on and approved by the board without the meeting. There are a variety of resolutions. These include motions to waive notice, minutes, and adjournment. At a board session, the board will discuss the proposed resolution and decide the need for additional information or details are required to be added. Then one member of the board will propose to adopt the resolution, and another board member will vote to support it. After the motion is seconded and the board votes on it according to a procedure described in the organization’s bylaws. The votes are recorded by the corporate secretary and are included in the board meeting minutes. The final step is for the appropriate officers to approve the resolution. While the process of writing and recording a board resolution can be intimidating for new board members, a clear understanding of how to create a resolution makes the process much simpler. By adhering to a common format and presenting clear, concise information the board can swiftly and efficiently adopt resolutions that serve the organization’s requirements. Ensure that your board resolutions are legal and efficient by placing them in a secure online repository with Board Management Software. https://boardroomonline.net/how-to-reduce-complexity-and-increase-productivity-for-board-members/
