A business example
A company wants to authorise a named director to sign a particular supplier agreement.
Proposal
The draft decision identifies the agreement and the proposed signatory.
Decision process
The competent body considers the matter through the applicable procedure.
Evidence
The final resolution records the actual authority granted.
What this shows
A general discussion about the supplier does not necessarily authorise the director to sign. The decision's wording should match the intended action.
What it is often confused with
A discussion or an unsigned draft is not the same as a properly recorded decision.
What to look at in your business
Connect the wording to meeting or circulation records and the authority required.
Context and further reading
This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.
Kosha.Services · Updated 2 October 2026