The following Tax guidance note provides comprehensive and up to date legal information covering:
Authority of directors
The business of the company shall be managed by the directors, who may exercise all such powers of the company as are not by the [insert the relevant statute that gives certain powers to the company in general meeting] or the memorandum and articles of association of the company required to be exercised by the company in general meeting.
Proceedings of directors
Collective decision making
[Subject to the articles, decisions of the directors shall be taken:
at a directors' meeting; or
in the form of a directors' written resolution.
Subject to the articles, decisions of the directors shall:
be taken at a directors' meeting; and
not be taken in the form of a directors' written resolution.]
Location of board[ and committee] meetings
[Meetings of the directors[ or a committee to which the directors have delegated authority under article 3] shall be held in [name of jurisdiction in which company is tax resident] and no meetings of directors[ or committees] shall be held in the United Kingdom. OR No meetings of directors[ or a committee to which the directors
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