Document background
A Board Resolution For Power of Attorney is a crucial corporate governance instrument used when a Swiss company needs to delegate authority to specific individuals to act on its behalf. This document is particularly important when companies need representatives to handle business operations, sign contracts, manage banking relationships, or represent the company in various transactions. Under Swiss law, it must clearly specify the scope of delegated powers, any limitations, and whether the attorney can act individually or jointly with others. The resolution must comply with the Swiss Code of Obligations and often requires registration in the Commercial Register, especially for ongoing commercial relationships. It's commonly used during international expansions, when key executives are unavailable, or when specific expertise is needed for certain transactions.
