
Board minutes recommending a final dividend
Use these board minutes to recommend a final dividend to your company's shareholders.
By using these template minutes at your board meeting, you make sure that you follow the correct legal process, which minimises the risk of legal disputes between your shareholders and your company later on.
Note that if:
- your company has the model articles; and
- one or more of your directors are also shareholders;
the director may need authorisation from your shareholders before being able to take part in this board meeting to approve the final dividend. You will need this if you are otherwise unable to form a quorum.
See Shareholder resolution authorising directors who hold shares to vote on a dividend for a template shareholder resolution.
Once your board has approved the dividend, you will also need the approval by ordinary resolution of your shareholders. See Shareholder resolution declaring a final dividend for a template resolution.
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