Document background
A Board Resolution Approving Financial Statements is a mandatory corporate document required under Qatar Commercial Companies Law No. 11 of 2015. This resolution is typically prepared annually following the completion of statutory audits and before the annual general meeting. It serves as official documentation of the board's review and approval of the company's financial statements, including their assessment of the company's financial position, compliance with accounting standards, and authorization for submission to regulatory authorities. The resolution must address specific requirements under Qatari law, including declarations about the accuracy of financial statements and compliance with local regulations. For companies registered with the Qatar Financial Centre or listed on the Qatar Stock Exchange, additional regulatory considerations apply. The document forms a crucial part of corporate governance documentation and is often required by external stakeholders such as banks, regulators, and potential investors.
