Document background
The Board Resolution Form is a crucial corporate governance document used across Canadian businesses to formally document decisions made by the board of directors. This document type is required whenever a board makes significant decisions that need to be officially recorded and executed. It must comply with the Canada Business Corporations Act (CBCA) and relevant provincial legislation, depending on where the corporation is registered. The form typically includes details about the meeting, attendees, the specific resolution(s) being passed, voting outcomes, and necessary authorizations. It's particularly important for major corporate actions such as opening bank accounts, approving contracts, issuing shares, appointing officers, or making changes to company policies. The Board Resolution Form serves as legal evidence of the board's decisions and can be required by banks, government agencies, or other third parties as proof of corporate authorization.
