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Board Resolution For Adoption Of Policy
"I need a Board Resolution For Adoption Of Policy to implement a new cybersecurity policy for our Singapore-based fintech company, which must comply with MAS guidelines and be effective from March 1, 2025."
1. Title and Date: Formal identification of the resolution and date of meeting
2. Preamble: Company details and meeting particulars including company name, registration number, and registered address
3. Attendance: List of directors present and quorum confirmation
4. Background: Context and reasons for adopting the policy, including reference to relevant laws and business needs
5. Resolution Statement: Formal declaration of the board's decision to adopt the policy
6. Implementation Details: Specific actions and timeline for policy implementation
7. Authorization: Powers granted to specific officers to execute and implement the resolution
8. Signatures: Director signatures and company seal if required
1. Compliance Statement: Detailed reference to relevant laws, regulations, and compliance requirements affecting the policy
2. Risk Assessment: Evaluation of potential risks and mitigation measures related to the policy implementation
3. Budget Allocation: Financial implications and resource allocation for policy implementation
1. Policy Document: Complete text of the policy being adopted by the board
2. Implementation Timeline: Detailed schedule for policy rollout and implementation phases
3. Supporting Documents: Any relevant reports, studies, or external advice considered in policy adoption
4. Impact Assessment: Analysis of policy impact on various stakeholders including employees, shareholders, and business operations
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