Q:

What is a corporate resolution?

A:

Quick Answer

A corporate resolution is a declaration from a company's board of directors that authorizes company representatives to take certain actions, according to Investopedia. Company boards make such resolutions during regular board meetings and communicate them formally in the board meeting minutes.

Continue Reading

Full Answer

Dividend distributions and board elections are among the actions that a board might resolve to take during its meeting. If a decision is made to distribute dividends to shareholders, the board notes the execution and payment dates for the event. Resolutions also specify who can take certain actions on the company's behalf, reports Investopedia. Some companies carry out routine financing activities, for instance, and the board designates which officers or company officials can conduct such transactions.

Learn more about Corporations
Sources:

Related Questions

Explore