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Signatory Authority Policy
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What is a Signatory Authority Policy?
The Signatory Authority Policy is designed to be a clear and uniformly followed policy regarding authority to execute contracts on your company’s behalf.
Why is a Signatory Authority Policy important?
Staff must follow this policy to minimise the likelihood of financial or legal risks being introduced that are not aligned with the Company’s objectives.
Signatory Authority Policy Sections
Identify those individuals with signatory authority
Set forth the company’s expectations of individuals who sign contracts on its behalf
Establish a signatory authority delegation procedure
Highlight certain provisions of existing policies that must be considered before the execution of any contract
Signatory Authority Policy Related
Related terms: Signatory Delegation Policy
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