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The Board Resolution For Increase In Salary Of Director is a crucial corporate governance document used in Pakistani companies when modifying director compensation. This resolution is required under the Companies Act 2017 and must be filed with the Securities and Exchange Commission of Pakistan (SECP) for proper corporate compliance. The document is typically prepared when a company decides to revise director compensation based on performance, market conditions, or strategic decisions. It must include specific details about the meeting, the decision-making process, and the exact terms of the salary increase. The resolution serves multiple purposes: it formally documents the board's decision, ensures regulatory compliance, provides a reference for payroll and audit purposes, and maintains transparency for shareholders and regulatory bodies.

1. Title and Company Details: Full legal name of the company, registration number, and registered office address

2. Meeting Details: Date, time, venue of the board meeting, and confirmation of quorum

3. List of Attendees: Names of directors present and absent, including chairman and company secretary

4. Recitals: Background information including current salary, reason for increase, and reference to any performance review

5. Resolution Statement: Formal declaration of the board's decision to increase salary, including specific amounts and effective date

6. Terms of Revised Compensation: Detailed breakdown of new salary structure, benefits, and payment terms

7. Authorization: Empowerment of specific officers to implement the resolution and complete necessary documentation

8. Certification: Company Secretary's certification of the resolution's adoption and accuracy