Almost every company has its own unique board resolution template that it uses. A board resolution template includes the information and data of a board resolution that is passed at a board meeting. The directors of a company act as agents on behalf of the owners of company i.e, the shareholders. They have to take several decisions for the company for which they held board meetings. These decisions are generally passed through a resolution, and any resolution which is carried out in a board meeting is called a board resolution.
Any board resolution must be properly documented for which a board resolution template is used. All the records related to board resolutions should be properly kept and retained. This record must be readily available in case any major or potential shareholder requires information of a certain decision.In this article, we provide you some of the best and useful board resolution templates. These templates are free to download & use. If you want you can further edit it as per your needs.
Best Board Resolution Templates
Board Resolution Format Template
Detailed Board Resolution Template
Community Board Resolution
School Board Resolution Template
Official Board Resolution Template
Basic Board Resolution Template
Association’s Board Resolution Template
Certified Simple Board Resolution Template
Example Board Resolution Template
Proper Board Resolution Template
Important Board Resolution Template
Bank’s Board Resolution Template
Entity’s Board Resolution Template
Thorough Board Resolution Template
Corporation’s Board Resolution Template
Tips for creating a Board Resolution Template
Following are some useful tips for creating an effective board resolution template:
- Mention the date and number of the resolution at the top of the board resolution page. You can use a common number or any unique number for the first time but make sure that the succeeding numbers must be consecutive.
- Mention the title of the resolution in bold letters. The title must be related to the issue for which resolution is created.
- Use proper formal language and write down the resolution in a professional manner. You can write the resolution in a reasonable number of paragraphs.
- Proceed by writing every particular statement and details of the resolution.
- After that, write down the final decision of the resolution taken by the BOD. Write this statement in such a manner so as to make it easily understandable for everyone.
- After writing the final statement, mention all the board members who voted on the resolution. Allot spaces in front of their names to mention whether they voted ‘yes’ or ‘no’ on the resolution.
- At the end of the page, provide proper space for the Chairman of BOD to sign the document and mention the date.
- Before finalizing and printing out the document, make sure to check and proofread for any mistakes or errors.
Important Board Resolution Template
Brief Board Resolution Template
Simple Board Resolution Template
Ordinary Board Resolution Template
Township Board Resolution Template
Typical Board Resolution Template
Internal Board Resolution Template
Company’s Board Resolution
Annual Board Resolution Template
Elementary Board Resolution Template
Extracts of Board Resolution Template
Verified Board Resolution Template
Explicit Board Resolution Template
Organization’s Board Resolution Template
Parent Company’s Board Resolution Template
Particular Board Resolution Template
Why Board Resolution Template is Important?
A board resolution template is a very important legal and official document of a company. Following are some of the common reasons of creating one:
- Documenting the decision made in a board meeting.
- Decisions of the shareholders, on a certain matter, can also be documented.
- Documenting the decision on hiring new employees.
- Deciding to include a new member to the Board of Directors.
- When the company wishes to make investment.
- When the company wishes to sell its shares.
- When the company wants to cease, sale or dispose of any of its undertaking.
- When the company wants to purchase a new property, equipment or incur some major capital expenditure.
- When a not for profit organization is required to provide funding to certain projects.
More Board Resolution Templates
Elaborated Board Resolution
Exclusive Board Resolution Template
Board Resolution Catalog Template
Regular Board Resolution Template
Special Board Resolution Template
Authorized Board Resolution
Significant Board Resolution Template
Elemental Board Resolution Template
Valuable Board Resolution Template
Valid Board Resolution Template
Account Opening Board Resolution Template
Sample Corporate Board Resolution Template
Principal Board Resolution Template
Common Board Resolution Template
Comprehensive Board Resolution Template
Types of Board Resolutions
There are three main types of board resolutions which are mentioned as follows:
1. Special Resolution:
This is a type of resolution that is required to be carried out or approved by at least three fourth majority of directors attending the board meeting. As the name suggests, a special resolution is related to some special business or special matters of the company.
2. Ordinary Resolution:
Ordinary resolution, also known as a simple resolution, is the one which is required to be approved by at least 50% majority of the directors attending the board meeting. Ordinary resolutions are mostly related to company’s routine business or operations.
3. Unanimous Resolution:
A resolution which is approved by all the directors is simply known as a unanimous resolution. It means that all of the directors present at the board meeting, have agreed on a certain matter.
