All Templates
Amend articles of association
✉️ Board resolution
Written Resolution To Amend Articles of Association To Remove Director Discretion Where Share Security is Taken
Written Resolution To Amend Articles of Association To Remove Director Discretion Where Share Security is Taken
Publisher one
Genie AIJurisdiction
England and WalesRelevant sectors
Type of legal document
✉️ Board resolutionBusiness activity
Amend articles of associationA board resolution is a formal document that records the decisions made by a board of directors or shareholders. The resolution is used to provide evidence of the board's authority to take certain actions. The resolution may also be used to delegate authority to officers or employees of the company.
This particular legal template focuses on a resolution to amend the articles of association of a company operating under UK law. The purpose of this amendment is to eliminate director discretion when it comes to dealing with share security. Share security refers to the practice of using shares as collateral for a loan or other financial transaction.
By removing director discretion, this template aims to establish a more standardized and objective approach to the handling of share security within the company. It ensures that any decision related to the shares, such as their transfer, sale, or use in securing loans, will be bound by explicit rules and regulations outlined in the amended articles of association.
The resolution may outline the specific changes and modifications to be made in the articles of association. This could include adding new clauses to restrict director discretion and provide detailed guidelines on how share security should be handled. The intent is to create a more transparent process that minimizes potential misuse of share security arrangements and protects the interests of shareholders and the company as a whole.
Companies opting to adopt this template may choose to customize it according to their specific needs and circumstances. It can be particularly useful for companies seeking to enhance corporate governance, increase transparency, and ensure compliance with relevant legal provisions governing share security in the UK.
By removing director discretion, this template aims to establish a more standardized and objective approach to the handling of share security within the company. It ensures that any decision related to the shares, such as their transfer, sale, or use in securing loans, will be bound by explicit rules and regulations outlined in the amended articles of association.
The resolution may outline the specific changes and modifications to be made in the articles of association. This could include adding new clauses to restrict director discretion and provide detailed guidelines on how share security should be handled. The intent is to create a more transparent process that minimizes potential misuse of share security arrangements and protects the interests of shareholders and the company as a whole.
Companies opting to adopt this template may choose to customize it according to their specific needs and circumstances. It can be particularly useful for companies seeking to enhance corporate governance, increase transparency, and ensure compliance with relevant legal provisions governing share security in the UK.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Whistleblowing Policy (Financial Services)
This legal template focuses on the Whistleblowing Policy specifically tailored for the Financial Services industry under the jurisdiction of UK law. Whistleblowing refers to the act of reporting any unethical, illegal, or fraudulent activities occurring within an organization. This template aims to establish a comprehensive framework for employees to safely report such concerns without fear of reprisal.
In adherence to UK laws and regulations concerning whistleblowing, this template outlines the obligations and responsibilities of both employees and employers. It covers procedures for reporting, investigating, and resolving whistleblowing allegations within the Financial Services sector.
The template emphasizes the protection provided to whistleblowers under UK law, ensuring confidentiality and anonymity whenever reasonably possible during the investigation process. It also details the measures required to prevent any form of retaliation against those who raise legitimate concerns.
Additionally, the template may include provisions on the establishment of an internal mechanism to receive and handle whistleblowing reports. It may outline the criteria for considering a disclosure as a "protected disclosure" under the legislation, as well as the appropriate steps to be taken by the employer to address such reports and rectify any discovered misconduct.
Overall, this Whistleblowing Policy template for Financial Services aims to promote transparency, integrity, and accountability within organizations operating in this regulated sector, while aligning with the legal obligations and practices defined by UK law.
In adherence to UK laws and regulations concerning whistleblowing, this template outlines the obligations and responsibilities of both employees and employers. It covers procedures for reporting, investigating, and resolving whistleblowing allegations within the Financial Services sector.
The template emphasizes the protection provided to whistleblowers under UK law, ensuring confidentiality and anonymity whenever reasonably possible during the investigation process. It also details the measures required to prevent any form of retaliation against those who raise legitimate concerns.
Additionally, the template may include provisions on the establishment of an internal mechanism to receive and handle whistleblowing reports. It may outline the criteria for considering a disclosure as a "protected disclosure" under the legislation, as well as the appropriate steps to be taken by the employer to address such reports and rectify any discovered misconduct.
Overall, this Whistleblowing Policy template for Financial Services aims to promote transparency, integrity, and accountability within organizations operating in this regulated sector, while aligning with the legal obligations and practices defined by UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
5
DISCUSSIONS
2
Vesting Certificate (Construction)
The Vesting Certificate (Construction) is a legal template specific to UK law that pertains to the transfer of ownership rights from one party to another within the context of a construction project. This certificate is commonly used in situations where the employer/client intends to grant ownership of certain assets or property to the contractor or subcontractor upon completion of specific milestones or stages of the construction project.
The template typically includes essential information such as the names and addresses of both the employer and the contractor, a detailed description of the assets or property being vested, and the specific conditions and criteria that need to be met for the transfer of ownership to take place. It may further outline the payment terms, deadlines, and penalties associated with the vesting process.
Moreover, the Vesting Certificate (Construction) may encompass provisions related to unresolved disputes or discrepancies between the parties involved, as well as mechanisms for the termination or variation of the vesting agreement. This document serves as an important legal instrument to ensure transparency, fairness, and compliance throughout the construction project, providing a clear framework for the transfer of ownership rights from the employer to the contractor in accordance with UK law.
The template typically includes essential information such as the names and addresses of both the employer and the contractor, a detailed description of the assets or property being vested, and the specific conditions and criteria that need to be met for the transfer of ownership to take place. It may further outline the payment terms, deadlines, and penalties associated with the vesting process.
Moreover, the Vesting Certificate (Construction) may encompass provisions related to unresolved disputes or discrepancies between the parties involved, as well as mechanisms for the termination or variation of the vesting agreement. This document serves as an important legal instrument to ensure transparency, fairness, and compliance throughout the construction project, providing a clear framework for the transfer of ownership rights from the employer to the contractor in accordance with UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
0
DISCUSSIONS
1
Variation to Collaboration Agreement (Lambert)
This legal template pertains to a document called "Variation to Collaboration Agreement (Lambert)" under the jurisdiction of UK law. A collaboration agreement usually refers to a contract entered into by two or more parties to jointly pursue a specific project or objective. In this case, the template is specifically designed to facilitate changes, modifications, or amendments to an existing collaboration agreement involving or related to someone named Lambert.
The need for a variation in the collaboration agreement may arise due to various reasons such as changes in circumstances, altered project requirements, evolving legal or regulatory frameworks, or mutually agreeable modifications sought by the collaborating parties for greater effectiveness or efficiency.
The template serves as a legal framework and provides a structured format to document and implement these variations or changes to the Lambert collaboration agreement. It may include provisions for clarifying or altering the scope of collaboration, revising financial aspects, redefining rights and obligations of the parties involved, adjusting timelines, addressing dispute resolution mechanisms, or adding new terms that were not covered in the original collaboration agreement.
Under UK law, the template ensures compliance with relevant legal requirements, regulations, and contractual obligations while allowing the parties to develop a revised agreement tailored to their specific needs. Parties involved in the collaboration, such as individuals, organizations, or businesses, can use this template to reflect any agreed-upon changes accurately and precisely in a legally enforceable manner.
It is crucial to ensure that any variations made to a collaboration agreement are properly documented, agreed upon, and signed by all involved parties to maintain transparency, clarity, and avoid potential conflicts or disputes that may arise due to misinterpretation or misunderstanding. This legal template aids in precisely capturing the modified terms and conditions to foster a cohesive and productive collaborative relationship between the parties involved.
The need for a variation in the collaboration agreement may arise due to various reasons such as changes in circumstances, altered project requirements, evolving legal or regulatory frameworks, or mutually agreeable modifications sought by the collaborating parties for greater effectiveness or efficiency.
The template serves as a legal framework and provides a structured format to document and implement these variations or changes to the Lambert collaboration agreement. It may include provisions for clarifying or altering the scope of collaboration, revising financial aspects, redefining rights and obligations of the parties involved, adjusting timelines, addressing dispute resolution mechanisms, or adding new terms that were not covered in the original collaboration agreement.
Under UK law, the template ensures compliance with relevant legal requirements, regulations, and contractual obligations while allowing the parties to develop a revised agreement tailored to their specific needs. Parties involved in the collaboration, such as individuals, organizations, or businesses, can use this template to reflect any agreed-upon changes accurately and precisely in a legally enforceable manner.
It is crucial to ensure that any variations made to a collaboration agreement are properly documented, agreed upon, and signed by all involved parties to maintain transparency, clarity, and avoid potential conflicts or disputes that may arise due to misinterpretation or misunderstanding. This legal template aids in precisely capturing the modified terms and conditions to foster a cohesive and productive collaborative relationship between the parties involved.
Read More
Publisher
Lambert ToolkitJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
0
DISCUSSIONS
0