Resolution of Meeting Decisions
A board resolution can seem intimidating to many because it is written in formal, structured language. Also known as a corporate resolution, it is an official document used to record significant issues, decisions, and discussions made during board meetings—matters that are important enough to be formally documented for future reference.
Throughout the life of an organization, various general meetings and board meetings are held to make important decisions involving members and directors. These meetings follow specific rules and procedures to ensure that all actions and decisions comply with organizational laws and statutory requirements.
Any resolutions (decisions) made during a general or board meeting must be recorded accurately. Even if you are the sole director and shareholder of your organization, you may still be required to conduct and document "meetings" in certain situations. Although this may seem unusual, it is a formality necessary to meet corporate compliance requirements.
A resolution serves as an important legal record and can act as evidence if compliance is ever questioned. The length of the resolution is not important—clarity and accuracy are what matter most.