Explore corporate governance as a systematic approach to help protect your business against financial and legal issues, as well as potential contract disagreements.
Whether you’re an owner, corporate secretary, or general counsel, our corporate resolution for signing authority template will help you delegate signing authority and keep an auditable record of all delegated powers.
Why companies need a formal resolution
Without a formal signing authority resolution or a board resolution format for signing authority, businesses face legal and financial risks, as agreements may not be legally binding or enforceable.
When it’s unclear who is authorized to sign documents, slowed operations cause delays and missed opportunities.
The absence of a formal resolution of authority erodes trust with external parties like banks and partners, who require proof of signing power to move forward with deals.
Organizations often halt audits and due diligence without an official record of delegated authority.
Competitive businesses secure a formal resolution by:
- Avoiding legal and financial issues. Having a clear line of command protects your business from potential legal and financial problems.
- Concluding legally-binding agreements. A formal resolution ensures that all contracts are enforceable.
- Streamlining business operations. A formal resolution simplifies the authorization process by naming who can sign what and under what circumstances.
- Preparing for audits. Having a record of all delegated authorities is crucial for compliance audits and due diligence.
- Building trust with partners and banks. Providing proof of signing authority gives outside parties, including investors and partners, confidence in your company’s operations.
What’s included in the corporate resolution template for signing authority
Our free template protects your business from legal claims. Your download includes the following:
- A structure that makes it easier to write a formal authorization resolution form by letting users fill in the blanks
- A place for the director and corporate secretary to sign
- A step-by-step guide to help you through the process
- An official certificate to verify the resolution’s authenticity
- Delegating signing authority from a single transaction to extensive powers
- Sample solutions for common scenarios, including signing contracts or opening a bank account
- Sample board resolution for signing authority
- The basic text needed to confirm board decisions with official institutions and third parties
Who benefits from this whitepaper?
We have customized our board resolution signing authority template for various tasks and scenarios to keep your business compliant and efficient.
- Corporate secretaries and legal compliance managers who need to formalize a new executive’s right to sign papers
- Startup entrepreneurs or company owners who want to open a new business bank account and delegate signing rights to authorized signers
- Executive assistants who are preparing the paperwork for board meetings
- Growing companies that need to provide signing powers to additional locations or subsidiaries
- Companies that seek proof of delegated powers during an annual audit or governance review
Download the sample corporate resolution for signing authority
A business committed to strong internal governance ensures proper signature authorization.