Document background
The Board Of Directors Resolution Form is a crucial corporate governance document used in Saudi Arabia to document and formalize decisions made by a company's board of directors. This document is required under the Saudi Companies Law and must be maintained as part of the company's official records. It is used whenever the board makes decisions, whether routine (such as approving financial statements or appointing officers) or extraordinary (such as major acquisitions or capital changes). The resolution form must include specific elements required by Saudi law, including meeting details, attendance records, and voting results. It serves multiple purposes: as a legal record of decisions, as evidence of compliance with corporate governance requirements, and as a necessary document for filing with regulatory authorities such as the Ministry of Commerce. For listed companies, additional requirements from the Capital Market Authority must be incorporated into the resolution format.
