Document background
A Board Resolution Director Resignation is a crucial corporate governance document required under New Zealand law when a director steps down from their position on a company's board. This document is essential for compliance with the Companies Act 1993 and maintains proper corporate records of changes in board composition. The resolution is typically prepared following receipt of a director's resignation letter and is approved at a board meeting. It must include specific details such as the effective date of resignation, any transitional arrangements, and directions for updating corporate records and regulatory filings. For listed companies, additional requirements under the NZX Listing Rules may apply regarding market notifications and disclosures. The document serves multiple purposes: it formally accepts the resignation, creates an official record, and initiates the process for updating the company's statutory records with the New Zealand Companies Office.
