Corporate Resolution: An Instrument of High Significance to Corporate Entities

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.