Document background
A Board Resolution Change Of Board Of Directors is a crucial corporate governance document required under Hong Kong law whenever there are changes to a company's board composition. This document is necessary for compliance with the Hong Kong Companies Ordinance (Cap. 622) and must be executed when directors are appointed or resign from their positions. It serves multiple purposes: officially recording the board's decision, providing evidence for statutory filings with the Companies Registry, updating corporate records, and notifying relevant stakeholders. The resolution must include specific details about the incoming and outgoing directors, meeting compliance requirements, and authorization for necessary regulatory filings. It's particularly important as it forms part of the company's permanent records and may be required by banks, regulators, or other third parties as evidence of proper corporate governance.
