Board Resolution Approving Executive Authority

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION APPROVING EXECUTIVE AUTHORITY

OF: {{company_name}} (Registration Number: {{company_registration_number}})

Duly passed at a meeting of the Board of Directors held at {{meeting_location}} on {{date_of_meeting}}.

PREAMBLE

WHEREAS, the Board of Directors (hereinafter referred to as “the Board”) of {{company_name}} (hereinafter referred to as “the Company”) deems it necessary and appropriate to formally delegate certain executive authority to an executive member of the Company to ensure efficient and effective management of specific operations or projects.

AND WHEREAS, such delegation is in the best interests of the Company and is consistent with its Articles of Association and prevailing corporate governance principles.

RESOLUTION

IT IS HEREBY RESOLVED THAT:

1. Appointment of Designated Executive

{{executive_full_name}} (Identity Number: {{executive_id_number}}, residing at {{executive_address}}), currently holding the position of {{executive_position}}, is hereby designated as the authorized executive for the purposes outlined in this resolution.

2. Scope of Authority

The designated executive, {{executive_full_name}}, is hereby granted the authority to:

a. {{description_of_authority_1}}

b. {{description_of_authority_2}}

c. {{description_of_authority_3}}

(Add more specific bullet points as required)

3. Financial Limitations

The executive authority granted herein shall be subject to a maximum financial limit of {{currency}} {{financial_limit_amount}} for any single transaction or cumulative series of related transactions, unless otherwise approved by a subsequent Board Resolution.

4. Reporting Requirements

The designated executive shall provide regular reports to the Board on the exercise of the delegated authority, specifically covering {{reporting_frequency}} and including {{key_reporting_metrics}}.

5. Term of Authority

This executive authority shall commence on {{start_date_of_authority}} and shall remain in force until {{end_date_of_authority}} or until revoked earlier by a subsequent Board Resolution.

6. Ratification of Past Acts

Any acts performed by the designated executive within the scope of this authority from {{effective_from_date}} up to the date of this resolution are hereby ratified and confirmed.

CERTIFICATION

I, the undersigned, being the Chairman/Company Secretary of {{company_name}}, do hereby certify that the above is a true and correct copy of a resolution duly passed by the Board of Directors of the Company at a meeting held as aforesaid and that such resolution has not been amended or revoked and is in full force and effect.

Signature Block

_______________________________

{{chairman_secretary_name}}

Chairman/Company Secretary

Date: {{signature_date}}