Document background
A Signatory Authority Letter is a crucial governance document used when an organization needs to formally delegate signing powers to specific individuals. Under Belgian law, this document must comply with the Belgian Companies and Associations Code and corporate governance requirements, making it a legally binding instrument for authorizing individuals to sign documents or enter into transactions on behalf of the company. The letter typically includes detailed information about the delegate's identity, the scope of their signing authority, any monetary or operational limitations, and the duration of the authorization. It's commonly used during executive absences, for operational efficiency in large organizations, or when expanding business operations requires additional signatories. The document serves both as an internal control mechanism and as evidence of authority for external stakeholders.
