Board Meeting Minutes For Third Party Security Provider To Approve Third Party Security Document

The board of directors for a company approved the grant of security to secure the obligations of another group company under either a syndicated or bilateral facility agreement. This approval is documented in the board minutes.

• The board should ensure that the security provider is reputable and has the necessary experience and qualifications

• The board should review the security document to ensure that it is in the best interests of the company and adequately protects the company's interests

• The board should ensure that the grant of security does not violate any laws or regulations