Free Board Meeting Resolution Template
Board Meeting Resolution
I. Introduction
This Board Meeting Resolution outlines key decisions made by the Board of Directors of [YOUR COMPANY NAME] during the meeting held on October 15, 2050. These decisions concern the strategic direction, financial approvals, and operational activities of the company.
II. Appointment of New Director
The Board of Directors of [YOUR COMPANY NAME] has resolved to appoint John Doe as a new member of the Board of Directors, effective November 1, 2050. This decision follows a thorough review of his qualifications and contributions to the industry.
III. Approval of Annual Budget for 2051
The Board has approved the annual budget for the fiscal year 2051, with the following allocations:
|
Category |
Amount ($) |
|---|---|
|
Operational Costs |
2,500,000 |
|
Marketing |
500,000 |
|
R&D |
1,000,000 |
|
Capital Expenditure |
3,000,000 |
|
Miscellaneous |
200,000 |
The budget will be implemented starting January 1, 2051.
IV. Authorization of Loan Agreement
The Board has resolved to authorize the company’s Chief Financial Officer, Jane Smith, to finalize a loan agreement with XYZ Bank for the sum of $5,000,000. This loan will be used to fund expansion into new markets in 2051. The agreement will be executed no later than December 1, 2050.
V. Strategic Acquisition Approval
The Board has unanimously agreed to proceed with the acquisition of ABC Technologies, a leading tech company. This acquisition, valued at $12,000,000, will enhance [YOUR COMPANY NAME]’s product offerings and market position. The transaction is expected to close on December 15, 2050.
VI. Declaration of Dividend
The Board has declared a quarterly dividend of $0.50 per share to be distributed to all shareholders of record as of November 30, 2050. Payment will be made on December 10, 2050.
VII. Conclusion
This resolution captures the formal decisions made by the Board on October 15, 2050. These actions reflect the company’s commitment to growth, financial stability, and long-term success.
Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
