Document background
Management Board Resolutions are essential corporate governance documents used in Danish companies to formally record and validate decisions made by the board of directors. These resolutions are required under the Danish Companies Act (Selskabsloven) for significant company decisions such as changes in management, financial commitments, strategic initiatives, or corporate restructuring. A Management Board Resolution must include specific elements such as meeting details, attendance records, voting results, and formal declarations of the decisions made. The document serves multiple purposes: it provides legal protection, ensures transparency in decision-making, creates a historical record, and demonstrates compliance with both regulatory requirements and internal governance procedures. It's particularly important for accountability to shareholders and regulatory authorities, and may be required for filing with the Danish Business Authority (Erhvervsstyrelsen) in certain cases.
