Board Resolution Format
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Board Resolution Format
BOARD RESOLUTION
WHEREAS, the Board of Directors of [Company Name], at a duly convened meeting held on [Insert Date], reviewed and discussed the need for adopting a formal Corporate Social Responsibility (CSR) Policy to align with the company’s commitment to sustainable and ethical business practices;
WHEREAS, the Board recognizes that incorporating CSR initiatives is essential to contribute positively to society, enhance stakeholder trust, and promote long-term sustainable growth for the company;
WHEREAS, the Board has thoroughly examined the draft CSR Policy presented by the CSR Committee, which outlines the company’s focus areas, implementation mechanisms, and monitoring processes
NOW, THEREFORE, BE IT RESOLVED THAT:
The Board hereby formally approves and adopts the Corporate Social Responsibility (CSR) Policy as presented in the meeting documents. This policy shall serve as the guiding framework for all CSR-related activities and initiatives undertaken by [Company Name].
The CSR Policy shall encompass the following key areas: environmental sustainability, community development, employee welfare, and ethical business conduct, consistent with the values and goals of [Company Name].
The Board authorizes the CSR Committee to oversee the implementation of the policy, including planning, budgeting, execution, and monitoring of CSR projects to ensure alignment with the policy objectives.
The CSR Committee shall submit periodic reports to the Board regarding the progress, impact, and challenges of the CSR activities, ensuring transparency and accountability.
The Board directs the management team to allocate appropriate resources, including financial and human capital, to effectively carry out the CSR initiatives as per the policy.
The Board empowers the [Designated Officer/Position], to represent the company in all matters relating to the CSR activities, liaise with external stakeholders such as NGOs, government bodies, and community groups, and sign relevant documents as necessary.
The Secretary of the company is hereby instructed to maintain a copy of this resolution in the official minutes book and ensure its availability for reference in future deliberations and audits.