Approval of Director Compensation
Updated 31 December 2025
A simple board written resolution to approve the compensation package of a director of a company in England and Wales. To be inserted in the general board resolution template provided by GitLaw.
Insert the following resolution into the basic GitLaw board written resolution template and number accordingly.
Approval of Director Compensation Package
IT IS RESOLVED THAT:
Consideration of compensation
The board has reviewed and considered the proposed compensation package for [director name], in their capacity as an [director type] director of the Company, including the elements set out below.
Approval of compensation package
The compensation package for [director name] be and is hereby approved on the following terms:
Base salary / Fee: [base salary in £] per annum
Bonus / incentive: [bonus / incentive details]
Benefits: [benefits]
Equity incentives: [equity incentives]
Expenses: reimbursement in accordance with Company policy
Other terms: [any additional compensation elements]
Service agreement alignment
The board confirms that the approved compensation package is reflected in, or will be incorporated into, the [agreement type] between the Company and [director name].
Conflict acknowledgement
It is noted that [director name] declared their interest in this matter and did not vote on, or otherwise participate in, the decision to approve their compensation, in accordance with the Company’s Articles and the Companies Act 2006.
Authority to implement
Any director of the Company be authorised to:
finalise and implement the approved compensation package; and
execute any documents and take any actions necessary or desirable to give effect to this resolution.
About this template
What is this template?
Approval of Director Compensation is a free, ready-to-use Employment template you can open, customize, and download on GitLaw. It gives you a professionally structured starting point, so you never have to draft from a blank page. The wording is plain and modern, organized into clear sections that are easy to read, edit, and adapt to your own situation before you share or sign it.
When should you use it?
Reach for this Employment template whenever you need a reliable agreement quickly and want to be sure the essentials are covered. It suits individuals, freelancers, startups, and established businesses alike. Instead of paying for a document drafted from scratch, you can start here, tailor the details to your arrangement, and have a polished draft ready in minutes. This version is drafted with England & Wales in mind, though you should always review the final wording against the laws that apply to you.
What's typically included?
A well-drafted Employment usually sets out the parties involved, the scope of the agreement, and each side's rights and responsibilities. Expect sections covering key terms and definitions, how long the agreement lasts, how it can be ended, and what happens if something goes wrong. This template brings those building blocks together in a sensible order, so you can focus on the specifics rather than worrying about what to include. Open it to read the full document, then sign up to edit, negotiate, and e-sign it directly in GitLaw.