Document background
A Resolution To Change Bank Signatories is a fundamental corporate governance document required when a company wishes to modify its authorized bank signatories. Under English and Welsh law, this formal resolution provides evidence of the board's decision and is typically required by banks to implement changes to signing mandates. The document is commonly needed when directors or authorized personnel leave the organization, new appointments are made, or the company wishes to modify its signing authorities. It includes crucial details such as the identity of new and retiring signatories, specific powers granted, and any applicable signing limits.
