This document is a template for board minutes of meetings of directors to approve a preliminary expense paid / reimbursed by the company. It is resolved that the amount of preliminary expenses and other expenditures incurred is approved, and a director is hereby authorised to reimburse the preliminary expenses. 

It notes down the specifics of the meeting, and it also states that due notice of the meeting had been given to all Directors accordingly, and directors who gave notice of a conflict of interest abstained from voting. 

It also provides that any action taken by the director and any other officer of the Company prior to the adoption of these resolutions which is within the authority conferred by the foregoing resolutions is ratified, approved and confirmed.

 

How to use this Document?

The resolutions passed should be clearly stated.

This document should be carefully read by the relevant Company members.  

The document should be signed by the Chairperson of the Meeting and the Director(s) of the Company.