Board Resolution for Approval of Procurement Policies

Document Type

DOCX

Pages

Price: KES 300

Get Document Now

Professionally Drafted

Fully Customizable

12,000+ Happy Customers

Instant Delivery

Document Overview

It is a formal written decision by the Board of Directors authorizing the adoption and implementation of procurement policies in the company. These policies provide a structured framework for how the company purchases goods, services, and works, ensuring consistency and accountability.

Purpose:
1. To officially adopt procurement policies as binding rules for the company.
2. To promote fairness, transparency, and accountability in all procurement activities.
3. To minimize risks of fraud, favoritism, or conflict of interest in sourcing processes.
4. To comply with corporate governance standards and any legal or regulatory requirements.
5. To guide management and staff in making procurement decisions aligned with best practices and company objectives.

Document Preview Below
Purchase now to receive the complete document instantly.

Preview

End of Preview
Purchase now to access the complete document.

Board Resolution for Approval of Procurement Policies

Document Overview

Preview

Related Legal Documents