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
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Agriculture, Forestry and Fishing
Consumer, Public & Health Services
Sport & Entertainment
Relevant company sizes
1 - 3
4 - 19
20 - 49
50 - 249
250 - 999
England and Wales