Description

RESOLUTION FOR DELEGATION OF POWERS TO MANAGING DIRECTOR

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• The power to delegate certain decision-making authority to the managing director is typically given to a company's board of directors as a means of streamlining the decision-making process and allowing the managing director to take actions on behalf of the company in a timely manner. This can be beneficial for a company as it can help to keep operations running smoothly and efficiently.
• The board of directors can delegate certain powers to the managing director through a resolution, which is a formal decision made by the board. This resolution will typically outline the specific powers that are being delegated and any conditions or limitations that apply.
• Delegation of powers
• Managing director
• Company decision-making
• Streamline operations
• Board of Directors
• Formal resolution
• Specific powers
• Conditions and limitations
• Timely decision making
• Authority on behalf of the company
• Managing operations efficiently.