Furloughing Directors Board Minutes

Board Minutes to Furlough Directors under the Coronavirus Job Retention Scheme

CO.CVF.03

If a company decides to furlough some or all its directors, 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. 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 in its current form until 31st July 2020. In addition, employers will be able to bring back furloughed employees on a part time basis from 1st July 2020. The Government will provide more details in relation to this. The Scheme will end in its entirety on 31st October 2020.

This document is duplicated in the Coronavirus Job Retention Scheme (Furlough Leave) subfolder, which is in the Employment Folder. There are also information pages regarding coronavirus and private limited companies .

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