Board Resolution For Partnership Template for New Zealand

A Board Resolution For Partnership is a crucial corporate governance document used when a company's board of directors decides to enter into a partnership arrangement with another entity. This document is particularly important in the New Zealand legal context, where it must comply with the Companies Act 1993, Partnership Act 2019, and relevant corporate governance requirements. The resolution is typically required when companies seek to formalize collaborative business ventures, joint operations, or strategic alliances. It serves multiple purposes: documenting the board's decision-making process, providing authorization for the partnership, establishing accountability, and creating a formal record for regulatory compliance. The document should contain detailed information about the partnership structure, financial implications, risk assessments, and specific authorizations for executing related documentation. This type of resolution is essential for protecting both the company's and directors' interests while ensuring transparency for shareholders and regulatory bodies.

1. Header Information: Company name, registration number, and date of resolution

2. Present and Apologies: List of directors present at the meeting and those who have submitted apologies

3. Quorum: Confirmation that a quorum is present as per the company's constitution

4. Chairperson: Identification of the meeting's chairperson

5. Declaration of Interests: Directors' declarations of any interests in the proposed partnership

6. Background: Context and reasons for entering into the partnership arrangement

7. Partnership Details: Key details of the proposed partnership including partner information, business nature, and structure

8. Financial Considerations: Overview of financial implications, contributions, and arrangements

9. Resolutions: Specific resolutions being passed regarding the partnership, clearly numbered and detailed

10. Authority: Authorization for specific individuals to execute partnership documentation

11. Closure: Formal closing of the resolution, including signature blocks for directors