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A Board Resolution for Approval of Strategic Partnerships is a formal decision made by the Board of Directors of a company to approve the idea of forming strategic partnerships with other businesses or entities as well as authorize specific individuals (like the Managing Director or CEO) to negotiate and sign the agreements.Purpose of the Resolution1. Legal AuthorizationIt gives legal authority to company officers to act on behalf of the company in entering into partnership agreements.2. Corporate GovernanceIt ensures that the decision to partner with another entity is made transparently and with full board approval, reducing the risk of unauthorized actions.3. Strategic AlignmentIt confirms that the partnerships align with the company’s mission, vision, and long-term objectives.4. DocumentationIt provides a formal and traceable record that the Board approved the strategic direction, which is important for compliance, auditing, or investor inquiries.5. Risk ManagementBy requiring due diligence and board oversight, the resolution helps reduce legal, financial, and reputational risks from poorly vetted partnerships.
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A Board Resolution for Donations and Charitable Contributions is a formal written decision by the Board of Directors of a company or NGO that authorizes the organization to make financial or in-kind...