Learn what corporate resolutions are and why they're important. And get our free corporate resolutions template!
Corporate resolutions are a written record of decisions made on behalf of a corporation by its directors and shareholders. These decisions are recorded in writing and typically kept in a corporations record book, also known as a minute books.
The types of decisions that a corporation is entitled to make through its directors and shareholders can vary based on a number of factors including:
Shareholder resolutions can take many forms and cover many aspects of the ongoing governance matters of a corporation. Some examples of the subject matter of resolutions include:
This is just a very small subset of resolutions that a company my commonly keep.
Based on the type of resolution, the ability to pass a resolution may require the consent of some or all of the directors or shareholders of the company. Who is required to pass a resolution and whether only some or all of the directors or shareholders are required to approve th resolution will vary from action to action.
For a sample shareholders’ resolution of a company download the free shareholders’ resolution template.
For a sample directors’ resolution of a company download the free directors’ resolution template.