Document background
The Authorised Signatory Board Resolution is a crucial corporate governance document used when a company needs to formally delegate document signing authority to specific individuals. Under New Zealand law, particularly the Companies Act 1993, companies must maintain clear records of who has authority to sign documents on their behalf. This resolution is typically implemented when new signatories need to be appointed, existing authorities need to be modified, or when establishing relationships with new financial institutions or major business partners. The document includes details of the appointed signatories, their specific powers, any limitations on their authority, and requirements for joint signatures where applicable. It serves as evidence of proper authorization for external parties and helps manage risk by clearly documenting the extent of delegated authority.
