Dividend Policy - Resolution Form - Corporate Resolutions

RESOLUTION OF THE BOARD OF DIRECTORS OF _____________________________________ A __________________________ CORPORATION This Resolution was adopted by the Board of Directors of ______________, a ______________________ business corporation, at a [regular/special] meeting of the Board of Directors held on the ____ day of ________, 20___ in accordance with the by-laws of the Corporation. BE IT RESOLVED by the Board of Directors of _____________________ as follows: RESOLVED, that, based upon the recommendation of the President and Secretary of the Corporation, the Corporation hereby establishes the following dividend policy and directs the President and Secretary of the Corporation, working in conjunction with Corporate Counsel, implement the policy regarding the _____________ dividend distribution. [The following are examples of various dividend policy statements] Dividend Policy In order to reward the shareholders, the Corporation intends to pay stable dividends continuously, while consideration must be given for the additional provision of corporate reserves from a viewpoint of safe and sound investment planning.