Board Resolution Authorizing the Issue of Corporate Credit Cards

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Website: {{website}}

BOARD RESOLUTION

**AUTHORIZING THE ISSUE OF CORPORATE CREDIT CARDS**

**DATE:** {{date_of_resolution}}

**COMPANY REGISTRATION NUMBER:** {{company_registration_number}}

**RESOLVED, THAT** the Board of Directors of {{company_name}} (hereinafter referred to as “the Company”) hereby acknowledges the need for corporate credit cards to facilitate business expenses and operational efficiency.

RESOLUTION TO AUTHORIZE CORPORATE CREDIT CARDS

**FURTHER RESOLVED, THAT** the Company shall hereby authorize the issuance of corporate credit cards to designated employees for legitimate business purposes.

**FURTHER RESOLVED, THAT** the maximum credit limit for the aggregate of all corporate credit cards issued shall not exceed {{total_credit_limit}} ({{total_credit_limit_words}}) unless otherwise approved by a subsequent Board Resolution.

DESIGNATED CARDHOLDERS

**FURTHER RESOLVED, THAT** the following individuals are hereby authorized to be issued corporate credit cards:

**1.** {{employee_name_1}} (Position: {{employee_position_1}})

**2.** {{employee_name_2}} (Position: {{employee_position_2}})

**3.** {{employee_name_3}} (Position: {{employee_position_3}})

(Add more as required)

The specific credit limit for each individual cardholder shall be determined by the Managing Director in consultation with the Chief Financial Officer, not exceeding an individual limit of {{individual_credit_limit}} ({{individual_credit_limit_words}}) per cardholder.

TERMS AND CONDITIONS OF USAGE

**FURTHER RESOLVED, THAT** all corporate credit cards shall be used strictly in accordance with the Company's Corporate Credit Card Policy, which shall be drafted and approved by the Board within {{days_to_approve_policy}} days of the date of this resolution.

This policy shall include, but not be limited to, guidelines on: permissible expenses, prohibited expenses, expense reporting procedures, approval hierarchies, security protocols, and disciplinary actions for non-compliance.

All cardholders shall be required to sign an acknowledgment form confirming their understanding and acceptance of the Corporate Credit Card Policy.

BANKING RELATIONSHIP

**FURTHER RESOLVED, THAT** {{bank_name}} be and is hereby appointed as the Company's preferred banking institution for the issuance and management of the corporate credit cards.

The Managing Director and/or Chief Financial Officer are hereby authorized to execute any necessary agreements, mandates, or documentation with {{bank_name}} to facilitate the implementation of this resolution.

REPORTING AND OVERSIGHT

**FURTHER RESOLVED, THAT** the Chief Financial Officer shall be responsible for the overall management and oversight of the corporate credit card program, including but not limited to, monthly reconciliation of statements, monitoring of expenditure, and reporting to the Board on a {{reporting_frequency}} basis.

Any instances of misuse or non-compliance with the Corporate Credit Card Policy shall be immediately reported to the Board.

GENERAL AUTHORIZATION

**FURTHER RESOLVED, THAT** any one Director of the Company is hereby authorized to do all such acts, deeds, and things, and to sign, execute, and deliver all such documents, instruments, and assurances as may be necessary or desirable to give effect to this resolution.

CERTIFICATION

Certified to be a true and correct copy of a resolution duly passed by the Board of Directors of {{company_name}} at a meeting held on the {{day_of_meeting}} day of {{month_of_meeting}}, {{year_of_meeting}}.

Signature Block

___________________________

{{director_name_1}}

Director

___________________________

{{director_name_2}}

Director

Date: {{signature_date}}