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What Is a Corporate Resolution?

A corporate resolution is a formal document in which a corporation agrees to specific actions or goals.

Often, resolutions are passed at the annual shareholders' meeting, and they can be used to authorize major changes within the company, such as a name change, the sale of assets, or the issuance of new shares.

Resolutions can also be used to outline business strategies or policies or to set ethical standards for the company.

Published: Oct 14, 2022

Updated: Dec 8, 2023

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Disclaimer section
This FAQ is for informational purposes only and does not constitute legal advice. We make no representations or warranties about this FAQ's completeness, accuracy, reliability, or suitability. Each legal situation is unique. Always consult an attorney for personalized guidance.

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