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Business Corporate Resolution for the United Kingdom

Business Corporate Resolution Template for England and Wales

A Corporate Resolution is a formal document recording decisions made by a company's board of directors or shareholders under English and Welsh law. It serves as an official record of corporate actions and decisions, legally binding under the Companies Act 2006. The document details specific authorizations, policy changes, or significant business decisions, providing a clear audit trail of corporate governance.

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Business Corporate Resolution

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What is a Business Corporate Resolution?

A Business Corporate Resolution is a crucial governance document used when companies need to formally record important business decisions in England and Wales. It's required for significant corporate actions such as opening bank accounts, authorizing financial transactions, appointing officers, or changing company policies. The resolution must comply with the Companies Act 2006 and the company's Articles of Association, serving as evidence of proper corporate authorization and decision-making processes.

What sections should be included in a Business Corporate Resolution?

1. Title and Date: Formal identification of the company and date of resolution

2. Attendance Record: List of directors present/absent and confirmation of quorum

3. Recitals: Background information explaining why the resolution is needed

4. Resolution Text: The actual decision(s) being made, clearly stated

5. Certification: Authentication by authorized officer(s)

What sections are optional to include in a Business Corporate Resolution?

1. Declarations of Interest: Required when directors have conflicts of interest to declare

2. Voting Results: When voting records need to be explicitly documented

3. Previous Resolution References: When resolution relates to or amends previous decisions

What schedules should be included in a Business Corporate Resolution?

1. Supporting Documents: Any relevant documents referenced in the resolution

2. Financial Statements: If resolution relates to financial matters

3. Legal Opinions: When resolution is based on legal advice received

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

England and Wales

Document Type

Board Resolution

Cost

Free to use
Relevant legal definitions















Clauses















Industries

Companies Act 2006: Primary legislation governing company operations in UK, including director duties (Sections 171-177), requirements for board and shareholder resolutions, and recording/filing requirements

Articles of Association: Company's constitutional documents that define internal rules, voting thresholds, and procedures for corporate decision-making

UK Corporate Governance Code: Set of principles for effective board governance, applicable to listed companies, providing standards for good corporate practices

Listing Rules: Regulations for companies listed on UK stock exchanges, setting out obligations for corporate actions and disclosures

Disclosure and Transparency Rules: Requirements for listed companies regarding information disclosure and corporate transparency

Financial Services and Markets Act 2000: Regulatory framework for financial services companies, relevant if the resolution involves financial services matters

Insolvency Act 1986: Legislation governing company insolvency and financial difficulties, relevant for resolutions involving financial decisions

Small Business, Enterprise and Employment Act 2015: Legislation affecting corporate transparency and administration requirements for UK companies

PSC Regulations: Rules governing the disclosure and registration of People with Significant Control in UK companies

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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