Authorising Directors to Manage Conflicts

The document typically outlines the specific scope within which the directors can operate, detailing the types of conflicts they are authorised to manage and any limitations applied to this authority. By clearly defining these parameters, the resolution helps to prevent misunderstandings and ensures that all parties are aware of the procedures in place to deal with conflicts, thereby maintaining the integrity and trust within the company.

Furthermore, such a resolution is aligned with corporate governance best practices, reinforcing transparency and accountability among the board of directors. It ensures that directors can act decisively and independently when managing conflicts, thus protecting the company's reputation and supporting its long-term success.