https://thedailyboardroom.com/how-board-management-software-pricing-structure-works/

Board resolutions are legally binding documents that record the outcomes of votes and decisions taken by your company’s board of Directors at an annual board meeting. Major situations, like appointing new directors, hiring or firing employees, and selling company shares all require an official board resolution as evidence to show that your board has taken a vote on these crucial issues.

First, you must decide the kind of decision being made. Examine the company’s policy to determine if it requires an ordinary or a special resolution. In the company’s governing documents it could be stated the number of directors who must decide on the resolution. You may need at minimum three directors in order to pass a binding resolution.

Regardless of the type of resolution you’ll need to write start by choosing a suitable title for your document. This will allow you to identify the resolution document quickly in your records system. Also, be sure to include a resolution number that is unique to your document-keeping system. This will let you quickly refer to the resolution in the future.

It is vital that all directors sign your resolution after it has been drafted. This is why it’s a good idea to utilize board portal software, which simplifies the process of writing resolutions and electronically signing them easy and convenient.