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The Board Resolution For Issue of Shares is a critical corporate governance document used when a New Zealand company decides to issue new shares. It is required under the Companies Act 1993 to formally document the board's decision-making process and authorization for share issuance. The resolution is typically used during capital raising, employee share schemes, strategic investments, or corporate restructuring. It must demonstrate compliance with both statutory requirements and the company's constitution, including consideration of pre-emptive rights and fair and reasonable assessment to the company and its shareholders. The document serves as evidence of proper corporate governance and can be required by various stakeholders including regulators, auditors, and potential investors. It forms part of the company's official records and may need to be filed with the Companies Office or presented to other regulatory bodies.

1. Meeting Details: Date, time, location of the board meeting, and attendance details of directors

2. Quorum: Confirmation that the meeting has the required quorum as per the company's constitution

3. Chairperson: Identification of the meeting's chairperson

4. Directors' Interests: Disclosure of any directors' interests in the proposed share issue

5. Background: Context and reasons for the proposed share issue

6. Share Issue Details: Specific details of the proposed share issue including number of shares, class, price, and recipients

7. Board Considerations: Key factors considered by the board including fair and reasonable assessment to company and shareholders

8. Statutory Compliance: Confirmation of compliance with Companies Act 1993 and company constitution

9. Resolutions: Formal resolutions approving the share issue and related matters

10. Certification: Signature section and certification of the resolution