A Circular Resolution of Directors (also known as written resolutions, flying minutes, resolutions in writing) is a formal mechanism that allows a company's board to pass decisions without holding a board meeting, and this template outlines an example you can use. The resolution is legally binding and carries the same effect as one passed in a meeting. This approach is commonly used for routine or time-sensitive matters, such as approving the issue of shares or options (e.g. under an ESOP), signing off on financial statements, appointing officers, entering into contracts, or authorising changes to the company’s registered details. Circular resolutions provide a flexible and efficient means for boards to manage governance and compliance obligations.
A Circular Resolution of Directors (also known as written resolutions, flying minutes, resolutions in writing) is a formal mechanism that allows a company's board to pass decisions without holding a board meeting, and this template outlines an example you can use. The resolution is legally binding and carries the same effect as one passed in a meeting. This approach is commonly used for routine or time-sensitive matters, such as approving the issue of shares or options (e.g. under an ESOP), signing off on financial statements, appointing officers, entering into contracts, or authorising changes to the company’s registered details. Circular resolutions provide a flexible and efficient means for boards to manage governance and compliance obligations.
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