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Corporate resolutions are needed when important changes are made in a company. The resolution is a document recording the decisions made by the board members regarding decisions and actions a company will take. A corporate resolution is binding.

How to Write a Board Resolution (Step-by-Step) Establish Resolution Title. The resolution title should capture the board's name and a concise statement about the issue you want to record. ... Document Resolution. Use formal language to record the resolutions. ... Document Board of Director Votes.

Examples of corporate resolutions include the adoption of new bylaws, the approval of changes in the board members, determining what board members have access to certain finances, such as bank accounts, deciding upon mergers and acquisitions, and deciding executive compensation.

A corporate resolution is considered a binding document, so it's stored in the corporate records book after the board members sign it.

Corporate resolution (also known as a board resolution) is a written legal document, issued by the board of directors of a corporation, documenting a binding decision made on behalf of the corporation.

Ordinary resolutions which require that a majority of directors or shareholders present at the meeting approve of the resolution; special resolutions which need a higher percentage, often 75%, of those present at the meeting, or another percentage as set out in the constitution and a shareholders agreement; and.

What Is the Difference Between a Resolution and Minutes? Meeting minutes describe actions taken during a meeting, while a resolution describes actions that a corporation's board of directors have authorized.