Appointing a Committee of the Board

Board Minutes – Appointment of a Committee

CO.CA.MM.20

These Board Minutes – Appointment of a Committee should be used when a board needs to approve the appointment of a committee of the board.

For companies with model articles, article 6 permits delegation of the board’s powers to a committee. This will be particularly useful if a company’s board is made up of several directors and it is not practical for the whole board to meet. Forming a committee will allow certain decisions to be delegated.

The model articles do not specify that a committee’s members must be directors of the company, although this is usual. Companies deciding to delegate to a committee should consider whether all decisions or only certain decisions should be delegated. Should the delegation cover a particular transaction or project with a specific end date or should it be largely unlimited? These board minutes are drafted to enable you to make the necessary adjustments for the specifics of your individual situation.

These Board Minutes - Appointment of a Committee are in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.

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