Directors' Resolution

A person who has signing authority in a corporation has the power to conduct business and banking transactions in the name of the corporation. He or she is usually officially identified and present at the Board of Director’s meeting and of course, there can be multiple people who have signing authority.

A dividend is a type of payment to shareholders determined on a per share basis. In most cases, dividends are paid in cash but they could also be in the form of new shares and even in ownership of the corporation's assets.

The answer is yes. If shareholders are not happy with the resolution that the board of directors arrives at, they can attempt to override it. They can also issue a Special Shareholders’ Resolution to make changes to the articles of incorporation, the number of directors, and so on.

This is the official address where all of a corporation’s important records are kept. The minute book, resolutions, and similar documents are forwarded to this registered office for safekeeping. The address is on file with relevant government departments like a state’s department of taxation.

If you don't put the resolution reached by the board in writing, it may not be legally binding.
The document must identify and describe the resolution and include the board's approval. Without it, it would be as if it was a verbal agreement.