Free Simple Board Resolution Template
Simple Board Resolution
I. Board Resolution for Approval of Financial Transactions
On January 15, 2050, the board of directors of [YOUR COMPANY NAME] met to approve a financial transaction involving a loan agreement. The following resolution was passed:
Resolved, that the company is authorized to enter into a loan agreement with Ennovation Lending Group for the sum of $500,000. The loan is to be used for expanding operations in the Silicon Valley area.
The terms of the loan, including interest rates and repayment schedules, are outlined in the attached agreement, which is hereby approved.
II. Board Resolution for Appointment of Officers
On January 20, 2050, the board of directors of [YOUR COMPANY NAME] met to approve the appointment of key officers. The following resolutions were made:
Resolved, that Adelia Harber is appointed as Chief Financial Officer of the company, effective immediately, with the following compensation package:
|
Position |
Name |
Start Date |
Compensation Package |
|---|---|---|---|
|
Chief Financial Officer |
Adelia Harber |
February 1, 2050 |
$150,000 per year |
This appointment is in line with the company's growth objectives and corporate governance practices.
III. Board Resolution for Approval of Routine Business Decisions
On February 1, 2050, the board of directors of [YOUR COMPANY NAME] convened and passed the following resolution:
Resolved, that [YOUR COMPANY NAME] will enter into a lease agreement with Allene Tillman for office space located at Long Beach, CA 90801. The lease term will be 5 years, with an option to renew for an additional 3 years.
The lease agreement is effective as of March 1, 2050, with monthly payments set at $10,000.
