Corporate Resolution: An Instrument of High Significance to Corporate Entities
Type
E-journal
Date
5 May 2016
Jurisdiction
United Arab Emirates
Taxonomy
Companies & Corporate Bodies
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
Corporate resolutions or minutes of meetings are crucial to the running of a corporation. Proper, timely corporate minutes help protect personal assets of owners and officers.
Corporate resolutions or minutes of meetings are crucial to the running of a corporation. Proper, timely corporate minutes help protect personal assets of owners and officers.
The Oxford English Dictionary defines a resolution as “A formal decision, determination, or expression of opinion, on the part of a deliberative assembly or other meeting”. Corporate entities record their decisions by means of corporate resolutions, which appear in minutes of meetings and - if the corporate entity's constitutive documents permit it - in written resolutions adopted in lieu of a meeting. Nowadays, many corporate entities find it more convenient to adopt resolutions by written consent.