What is for Board Resolution?

What will be applicable for board resolutions in Singapore?

General matters to include in board resolutions?

What are the matters to be included in board resolutions?

Board Resolutions: The Companies Act does not specify the exact details of what management action requires a board resolution. It is up to the company as defined in its constitution, which varies across companies, which determines the specific requirements of a board resolution and when one is needed. Hence, companies are likely to have different types of board resolutions in Singapore.

However, the Directors are commonly facing the following issues which are subject to the requirement of passing board resolutions: The following list is not exhaustive as they are subject to vary across different companies based on the nature of structures and/or businesses.

• Borrowing of Loans
• Mortgaging the company property
• Opening a bank account for the corporation
• Appointment of company Auditor
• Appointment of Directors
• Appointment of Company Secretary
• Sale of company properties
• Stock Issuance
• Approval of mergers and acquisitions