Complete a board resolution
If you can’t collect all the signatures you need to approve changes to your business accounts, you will need to complete a board resolution.
What is a board resolution?
A board resolution is a written record of an important decision made by directors in a board meeting.
When do I need to send a board resolution to the bank?
You’ll need to send us a copy of a board resolution if your signatories are not able to approve changes to your business accounts. For example, if a signatory has left the business and there are now not enough signatories left on the account to sign in accordance with your mandate.
To complete a board resolution, use one of the templates on this page.
Board resolution templates
How do I send my completed board resolution?
You’ll need to complete the following documents – the names of the people being added or removed need to be the same on all documents:
- Instruction to vary your authority 14080 (PDF, 275 KB)
- Board resolution to add new people onto your mandate using templates above
- Where a board resolution is required because the normal agreed signing instructions cannot be met, you should also give a covering letter or relevant meeting minutes confirming why the signing instructions cannot be met and the reason for the resolution.
Attach the completed ‘Instruction to vary your authority 14080’, Board Resolution and supporting documentation to an email and send to: CommercialClientServicing@lloydsbanking.com.
Post
If you have a dedicated Relationship Manager, send to:
Bank of Scotland
Commercial Banking
2 Bankhead Crossway North
Edinburgh
EH11 4DT.
If you don’t have a dedicated Relationship Manager, send to:
Bank of Scotland
Business Banking
The Green Building
Kirkstall Road
LEEDS
LS78 1LB.