Professional Director Resolution
I. Appointment of Professional Director
On January 15, 2050, the board of directors of [YOUR COMPANY NAME] convened and passed the following resolution:
Resolved, that [YOUR NAME] is hereby appointed as the Professional Director of [YOUR COMPANY NAME], effective immediately, and shall serve for a period of one year unless terminated earlier in accordance with the terms set forth in the company’s bylaws.
The duties and responsibilities of [YOUR NAME] shall include overseeing daily operations, making strategic decisions, and representing the company in key business engagements.
II. Approval of Director's Contract
On January 15, 2050, the board of directors also passed a resolution to approve the contract between [YOUR COMPANY NAME] and [YOUR NAME]. The following terms have been agreed upon:
Term | Details |
|---|
Position | Professional Director |
Annual Salary | $200,000 |
Start Date | January 15, 2050 |
Contract End Date | January 15, 2051 |
The contract has been executed by both parties and is binding as of the date mentioned above.
III. Delegation of Powers to Professional Director
On January 15, 2050, the board of directors passed the following resolution:
Resolved, that the board hereby delegates to [YOUR NAME] the authority to manage day-to-day operations, negotiate business contracts, and make decisions within the allocated budget limits, as specified in the company’s governance policies.
This delegation of authority will remain in effect until further notice from the board of directors.
IV. Reporting and Documentation
The board resolved on January 15, 2050, that [YOUR NAME] will submit quarterly reports to the board, outlining key performance metrics, financial updates, and other relevant developments. These reports will be due no later than the 15th of each month following the end of each quarter.
This ensures transparency in the management and operation of [YOUR COMPANY NAME].
Board Resolution Templates @ Template.net
