The Board Resolution For Approval Of Directors Report is a crucial corporate governance document required under Pakistani law, specifically the Companies Act 2017 and SECP regulations. This resolution is typically prepared annually, following the completion of the company's financial year and preparation of the Directors Report. It demonstrates that the board has fulfilled its statutory obligations by reviewing and approving the Directors Report, which contains critical information about the company's performance, financial position, and future prospects. The resolution must be passed in a properly convened board meeting with adequate quorum and should be filed with relevant authorities. It serves as evidence of proper corporate governance and board oversight, particularly important for listed companies subject to additional regulatory requirements under the Listed Companies (Code of Corporate Governance) Regulations 2019.

1. Title and Date: Formal title of the resolution and date of the board meeting

2. Preamble: States the company name, meeting details, and quorum confirmation

3. Attendance: List of directors present and absent, including chairman identification

4. Reference to Legal Requirements: Citation of relevant sections of Companies Act 2017 and other applicable regulations

5. Presentation of Directors Report: Noting that the Directors Report was presented to the board for review

6. Confirmation of Review: Statement confirming board members have reviewed the report

7. Resolution Statement: Formal resolution language approving the Directors Report

8. Authorization: Authorizing specific officers to file the report with relevant authorities

9. Closing: Signature provisions for Chairman/Company Secretary