Board Minutes to Flexibly Furlough Directors under the Coronavirus Job Retention Scheme
If a company decides to flexibly furlough some or all its directors under the extended Coronavirus Job Retention Scheme, this should be formally adopted as a decision of the company. These template board minutes formally record such a decision of the company. The Coronavirus Job Retention Scheme was due to end on 30th April 2021 but has now been extended to 30th September 2021.
These board minutes refer to the COVID 19 pandemic and the company’s desire to make use of flexible furlough arrangements under the Coronavirus Job Retention Scheme as from 1 May 2021 (i.e. the date when the latest extension period begins). The board then considers the directors that it wishes to flexibly furlough and the draft form of letter that must be sent to each relevant director. Note that as directors have Companies Act 2006 duties that they must still fulfil, this template therefore makes reference to the “part” furlough that directors, unlike other types of employees, must continue to reasonably carry out whilst ceasing all other forms of commercial activities for the company. This will be particularly relevant for sole directors.
This template has been updated to reflect the latest extension of the Scheme.
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Board Minutes to Flexibly Furlough Directors under the Coronavirus Job Retention Scheme is part of Employment Documents. Just £35.00 + VAT provides unlimited downloads from Employment Documents for 1 year.