Financial Decision Resolution
WHEREAS, [Your Company Name] recognizes the need to strategically manage long-term investments in projects or assets to drive sustainable business progress;
WHEREAS, the company understands the importance of capital budgeting in assessing the potential returns, risks, and funds availability associated with prospective projects;
WHEREAS, it is the responsibility of this organization to care for the company's resources effectively, warranting the need for more precise and reliable methods of evaluating potential projects and investments;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of [Your Company Name], in a meeting effectively assembled on [Month Day, Year], and upon motion duly made, seconded, and unanimously carried, it is:
RESOLVED, that the company shall develop an organized, methodical approach to capital budgeting to inform decision-making about long-term investments in projects and assets;
FURTHER RESOLVED, that relevant teams in the company are authorized to work in collaboration to provide the necessary data, analysis, and reports needed for capital budgeting;
RESOLVED FURTHER, that these decisions are expected to be in the best interests of the company. Company leaders are accountable for keeping the goals and objectives of [Your Company Name] in mind throughout this process. All decisions regarding capital budgeting should come from extensive deliberation and input from those whose expertise fits the subject;
AND FINALLY RESOLVED, that this resolution be filed in the Minutes Book of [Your Company Name] and this decision will come into force from the EFFECTIVE DATE.
This resolution was passed at a meeting of the Board of Directors of [Your Company Address] on the [Month Day, Year].
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[Presiding Officer's Name]
PRESIDING OFFICER
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[Secretary's Name]
Title: SECRETARY
