- Board Resolution for Voluntary Liquidation
A Board Resolution for Voluntary Liquidation is a formal decision made by the directors of a company to recommend to shareholders that the company be wound up voluntarily under the Insolvency Act, 2015.
It is the first formal step in the voluntary winding-up process.
The resolution records the...
- Board Resolution for Resignation of Auditor
A Board Resolution for Resignation of Auditor is a formal written decision made by the Board of Directors of a company to officially acknowledge and record that the company’s auditor (an individual or audit firm) has resigned from their role. It is part of corporate governance practice and is...
- Board Resolution for Approval of Internal Audit Report
This is a formal written decision by the Board of Directors to approve and adopt the Internal Audit Report. The report is prepared by the company’s internal audit team and covers assessments of internal controls, financial processes, risk management, compliance, and operational...
- Board Resolution for Approval of Audit Committee Report
This is a formal decision passed by the Board of Directors to approve and adopt the report prepared by the company’s Audit Committee. The report typically covers financial statement reviews, internal audits, risk management assessments, and compliance oversight.
Purpose:
1. To formally adopt the...
- Board Resolution for Approval of Insurance Policies
Board Resolution for Approval of Insurance Policies is a formal written decision made by a company’s Board of Directors to approve and authorize the adoption of insurance policies that protect the company, its employees, and its assets against risks and liabilities.
Purpose:
1. To formally...
- Board Resolution for Approval of Information Technology Systems Purchase
Board Resolution for Approval of Information Technology Systems Purchase is a formal written decision passed by a company’s Board of Directors authorizing the purchase of IT systems such as hardware, software, or cloud solutions. The resolution specifies the approval, budget, and the officers...
- Board Resolution for Closure of Branch Office
It is a formal decision made by the Board of Directors authorizing the company to shut down one of its branch offices. The resolution records the approval, specifies the branch to be closed, and delegates authority to management or directors to handle all closure-related matters (such as notifying...
- Board Resolution for Approval of Procurement Policies
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...
- Board Resolution for Approval of Lease Agreement
It is a formal decision made by the Board of Directors of a company authorizing the company to enter into a lease agreement for premises. The resolution records the Board’s approval of the lease terms - such as rent, duration, and conditions and gives authority to specific directors or officers to...
- Board Resolution for the Approval to Guarantee Third-Party Borrowing
It is a formal decision passed by the Board of Directors of a company authorizing the company to act as a guarantor for borrowings taken by another party (such as a subsidiary, affiliate, or related entity). The resolution records the Board’s approval and empowers designated directors or officers to...
- Board Resolution template for Authorization to Sign Contracts on Behalf of the Company
A Board Resolution for Authorization to Sign Contracts is an official decision of a company’s Board of Directors granting specific authority to a director, officer, or other designated person to enter into contracts and agreements on behalf of the company. It sets out who is authorized, the scope of...
- Board Resolution for Approval of Capital Expenditure
A Board Resolution for Approval of Capital Expenditure is a formal written record of a decision made by a company’s Board of Directors authorizing the company to spend a significant amount of money on acquiring, upgrading, or maintaining long-term assets. It sets out the details of the expenditure,...
- Board Resolution for Removal or Change of Membership in Board Committee
A Board Resolution for Removal or Change of Membership in Board Committees is a formal decision by the Board to reconstitute committee membership by either removing, replacing, or adding members.
Purpose:
1. Maintain effectiveness – ensures committees have the right mix of expertise and...
- Board Resolution for Approval of Board Committee
A Board Resolution for Approval of a Board Committee is a formal written decision by the directors of a company to establish a specialized committee within the Board.
What it is:
It is an official record in the Board minutes confirming that the directors have agreed to create a committee...
- Board Resolution for Change of Company Secretary
A Board Resolution for Change of Company Secretary is a formal written decision made by the Board of Directors of a company when appointing a new company secretary and/or removing an existing one.
The purpose of this resolution is to:
1. Formalise the decision – It ensures the change of...
- Board Resolution for Authorization of Share Buy-Back
This is a Board Resolution that records the directors’ decision to authorize and recommend a share buy-back, while acknowledging that final approval must come from shareholders through a Special Resolution, as required under the Companies Act, 2015.
Purpose:
To formally empower the company to...
- Board Resolution for Approval to Enter into a Contract/Agreement with a Third Party
It is a formal decision made by the Board of Directors of a company authorizing the company to sign, approve, or enter into a specific contract or agreement with another party (e.g., a supplier, consultant, landlord, or business partner).
It is usually documented in writing, signed by directors...
- Board Resolution for Removal of Company Secretary
A Board Resolution for Removal of Company Secretary is a formal written decision made by the Board of Directors of a company to officially terminate the appointment of its current Company Secretary.
It is documented in writing and entered into the company’s Board Minutes Book.
It states the...
- Special Resolution to Change Company Type
A Special Resolution to Change Company Type is a formal decision made by the members (shareholders) of a company, approving the conversion of the company from one legal form to another under the Companies Act, 2015. Unlike an ordinary resolution (which only needs a simple majority), a special...
- Board Resolution for Change of Company Type
A Board Resolution for Change of Company Type is a formal written decision made by the Board of Directors of a company authorizing the process of converting the company from one legal structure to another under the Companies Act, 2015 (Kenya).
Examples of changes in company type include:
1. From...
- Board Resolution for Conversion of Class of Shares
A Board Resolution for Conversion of Class of Shares is a formal written decision made by the Board of Directors of a company authorizing the process of changing one type of share into another.
For example:
1. Converting Preference Shares into Ordinary Shares
2. Converting Redeemable Shares into...
- Board Resolution to Apply for Replacement of Lost/Destroyed Certificate of Lease
It is a formal board resolution passed by the directors of a company that holds leasehold land, authorizing the application for a replacement Certificate of Lease where the original has been lost or destroyed.
The resolution is part of the supporting documents required when submitting Form LRA 12...
- Board Resolution to Apply for Replacement of Lost/Destroyed Certificate of Title
A Resolution to Apply for Replacement of Lost/Destroyed Certificate of Title is an official decision of the Board of Directors (for a company or registered entity) authorizing the application to the Registrar of Lands for the issue of a replacement land title when the original Certificate of Title...
- Board Resolution to Appoint Bank Account Agent
A Resolution to Appoint a Bank Account Agent is a formal written decision by the Board of Directors (or partners/owners in a smaller entity) authorizing a specific individual (the “agent”) to operate the company’s bank account on its behalf.
Purpose:
1. Provide Authority to Act
2. Bank...
- Board Resolution for Donations and Charitable Contributions
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 donations to support charitable, social, or community initiatives.
Purpose of the Resolution
1....
- Sample Board Resolution for Approval of Strategic Partnerships
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...
- Board Resolution for Reactivation of Dormant Bank Account
A Board Resolution for Reactivation of a Dormant Bank Account is a formal written decision made by the Board of Directors of a company authorizing the reactivation of a bank account that has become dormant due to inactivity over a certain period (usually 6–12 months, depending on the bank).
The...
- Board Resolution for Appointment of Board Chairperson
A Board Resolution for Appointment of Board Chairperson is a formal written decision made by a company’s Board of Directors to officially appoint one of its members to serve as the Chairperson.
It confirms the appointment, outlines the powers of the position, and authorizes necessary filings with...
- Board Resolution for Removal of the Board Chairperson
A Board Resolution for Removal of the Board Chairperson is a formal decision recorded in writing by the Board of Directors to remove the individual serving as the Chairperson (or Board Chair) from that role. It follows internal governance rules and legal provisions, such as Kenya’s Companies Act,...
- Board Resolution for Change of Company Structure
A Board Resolution for Change of Company Structure is a formal decision made by the Board of Directors to alter the legal form or structure of a business entity. This may include changing from a:
1. Sole proprietorship to a Private Limited Company
2. Business name to a Limited Liability...