Document background
The Board Resolution Ratification document is a crucial corporate governance tool in Swiss business practice, typically employed when previous board decisions require subsequent formal approval or validation. This might occur when original resolutions were made under urgent circumstances, when additional formalities are required, or when there's a need to confirm the continuing validity of historical board decisions. The document, governed by Swiss law, particularly the Code of Obligations (OR), must meet specific formal requirements and usually requires registration with the Commercial Registry. The Board Resolution Ratification includes essential elements such as company details, present board members, quorum confirmation, and explicit ratification statements. It's particularly important for maintaining proper corporate governance records and ensuring the legal validity of board decisions.
