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.
These board minutes refer to the COVID 19 pandemic and the company’s desire
to make use of the flexible furlough arrangements which continue under 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 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 extension of the Scheme until
31st March 2021. The Coronavirus Job Retention Scheme has now been extended until 30 April 2021.
There are also information pages regarding
coronavirus and private limited companies
.
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