Document background
A Unanimous Board Resolution is a crucial corporate governance tool used in Irish companies when the board of directors needs to make formal decisions without convening a physical meeting. This document type, specifically provided for under Section 160 of the Companies Act 2014, allows for efficient decision-making while maintaining proper corporate governance standards. The resolution must be signed by all directors to be valid and can be used for various corporate actions, from routine matters like bank account operations to significant decisions such as major asset acquisitions or corporate restructuring. It's particularly useful when immediate decisions are required or when gathering all directors in one location is impractical. The document must comply with Irish company law requirements and should be maintained in the company's records as required by Section 167 of the Companies Act 2014.
