If a company decides to 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.
These board minutes refer to the COVID 19 pandemic and the company’s desire
to make use of the Coronavirus Job Retention Scheme as from 1 November 2020
(i.e. the date when the extension period begins). The board then considers
the directors that it wishes to 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 extension of the Scheme until 30 April 2021.
This document is duplicated in the
Directors Service Contracts
subfolder, which is in the Corporate Folder. There are also information
coronavirus and private limited companies
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