Document background
The Corporate Authorization Resolution is a crucial document used by Swiss companies to formally delegate authority to specific individuals for conducting business operations. This document becomes necessary when establishing banking relationships, updating signatory rights, or modifying corporate representation powers. Under Swiss law, particularly the Code of Obligations and Banking Act, corporations must maintain clear documentation of authorized representatives and their powers. The resolution typically follows a board meeting or shareholders' decision and must be properly documented to be valid for banks, financial institutions, and other third parties. It serves as official evidence of the company's internal approval process and helps prevent unauthorized transactions while facilitating legitimate business operations.
