Document background
The Board Resolution For Ratification of Agreement is a crucial corporate governance document used in Nigerian business practice when formal board approval is required to validate agreements or actions. This document is essential in situations where agreements need retrospective approval, where prior authorization needs to be formally documented, or where specific corporate actions require explicit board ratification. It must comply with the Companies and Allied Matters Act (CAMA) 2020 and other relevant Nigerian corporate laws. The resolution typically documents the board meeting details, presents the agreement context, records the formal decision, and provides necessary authorizations. It serves as a legal record of corporate decision-making and is often required by third parties, regulators, or for audit purposes.
