Board Minutes – Appointment of a Committee

PLEASE BE AWARE THAT THE ECONOMIC CRIME & CORPORATE TRANSPARENCY ACT 2023 IS BEING IMPLEMENTED IN PHASES AND MAY CHANGE THIS TEMPLATE. 

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

Use these minutes to approve a board committee and delegate decision-making

For companies with model articles, Article 6 permits the delegation of the board’s powers to a committee. This can be useful where a board has several directors and it is not practical for the whole board to meet, allowing certain decisions to be delegated.

Key points to consider when setting up a committee

The model articles do not require a committee’s members to be directors of the company, although this is usual. Companies delegating to a committee should consider:

• Whether all decisions or only certain decisions should be delegated.
• Whether the delegation should cover a particular transaction or project with a specific end date, or be largely unlimited.

These board minutes are drafted to enable you to make the necessary adjustments to reflect the specifics of your situation.

Board Minutes – Appointment of a Committee is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.