Board Resolutions: Designation of Section 16 Officers

This board resolutions template can be used by a public company seeking to designate officers pursuant to Section 16 of the Securities Exchange Act of 1934, as amended (Exchange Act), and “executive officers” as defined by Rule 3b-7 of the Exchange Act for the forthcoming fiscal year. These resolutions may be inserted into the minutes of a meeting of the board of directors, or included in a unanimous written consent. This template includes practical guidance and drafting notes. For a full listing of key content for in-house counsel and corporate secretaries when performing corporate functions, see In-House Corporate Secretary Resource Kit. For a full listing of related proxy statement and annual meeting content, see Proxy Statement and Annual Meeting Resource Kit. For a full listing of related corporate governance board resolutions content, see Corporate Governance Board Resolutions Resource Kit. For a discussion of Section 16 obligations of directors and officers, see Memorandum: Obligations of Directors and Officers under Section 16 For information on Section 16 training, see Section 16 Training for Public Companies: Beneficial Ownership Reporting and Profit Disgorgement Presentation.