Shareholders’ Ordinary Resolution – Appointment of Directors

Document Summary

This document records the decision of the shareholders of the concerned company to appoint board directors of the company. It authorizes the appointed directors to act on behalf of the company to the extent permissible in the articles of association of the company.

Description

As per Article 147 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, no person may be appointed or elected as a board member of the company until he/she acknowledges in writing his/her acceptance of the nomination, provided that such acknowledgement includes a disclosure of any activity conducted directly or indirectly by such person in competition of the business of the Company and of the names of the companies and establishments wherein such person works or is a Board Member.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.

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