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Delegation Of Authority Letter
"I need a Delegation of Authority Letter for our CFO to delegate financial approval powers up to £500,000 to our Regional Finance Director during their three-month sabbatical from March 2025 to June 2025."
1. Delegator Details: Full name, position, and authority of person delegating power
2. Delegate Details: Full name, position, and contact information of person receiving authority
3. Scope of Authority: Specific powers being delegated and their limitations
4. Duration: Time period for which delegation is valid
5. Effective Date: When the delegation becomes active
1. Reporting Requirements: Specifies how and when the delegate must report on exercised authority. Include when delegation requires oversight.
2. Revocation Conditions: Details the circumstances under which authority can be withdrawn. Important for long-term or high-risk delegations.
3. Sub-delegation Rights: Specifies whether and how the delegate can further delegate authority to others. Include for organizational hierarchies.
1. Schedule of Specific Powers: Detailed list of delegated authorities and their limits
2. Company Authorization: Board resolution or other corporate approval if required
3. Specimen Signatures: Document containing authorized signatures for delegations involving signing authority
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