Document background
A Directors Resolution is a crucial corporate governance document used in Irish companies to formally record decisions made by the board of directors. It is required under the Companies Act 2014 for documenting significant company decisions, changes in corporate structure, financial authorizations, and other material matters requiring board approval. The resolution can be passed either at a board meeting or through written resolution, provided it meets the requirements set out in the company's constitution and Irish law. The document typically includes details of the meeting or decision-making process, the specific resolutions passed, and appropriate authentication by authorized signatories. It serves multiple purposes including maintaining corporate records, demonstrating compliance with legal requirements, and providing evidence of proper authorization for corporate actions. Directors Resolutions are particularly important for audit trails and may be required by third parties such as banks, regulators, or business partners as evidence of proper corporate authorization.
