Document background
An Authorized Signatory Board Resolution is a crucial corporate governance document used when a company needs to formally authorize individuals to act as signatories on behalf of the organization. Under Austrian law, this document is particularly important as it must comply with specific requirements of the Austrian Commercial Code (UGB) and corporate legislation. The resolution specifies who can legally bind the company, the extent of their authority, and whether they must act jointly or can act individually. This document is essential for registration with the Commercial Register (Firmenbuch) and is commonly required by banks, business partners, and regulatory authorities as evidence of proper authorization. The resolution should be detailed enough to clearly define the scope of authority while remaining flexible enough to facilitate efficient business operations.
