Direct answer: A manager’s authority should align across the company’s articles, partner resolutions, bank mandates and day-to-day contracts. Overly broad powers expose the company to risk; excessive restrictions can disrupt operations.

Practical steps

• List routine and exceptional decisions.
• Set financial limits and decide when signing is individual or joint.
• Reserve loans, guarantees and asset sales for higher approval.
• Align the articles, appointment resolution, bank forms and powers of attorney.
• Update authority whenever the manager changes.

Documents and issues to settle

• Company articles and authority matrix.
• Manager appointment resolution.
• Bank mandates.
• Procurement and payment policies.
• Decision and power-of-attorney register.

Common mistakes

• Granting unlimited authority.
• Keeping internal restrictions undisclosed to counterparties or the bank.
• Having bank mandates that conflict with the articles.
• Leaving a former manager’s signature active.

Frequently asked question

Do we need two signatures?

Joint signatures can help for major decisions. Set thresholds so routine business can continue without delay.

Next step

Review the business activity, ownership, funding and licenses before making commitments. See our company formation service and related legal articles before requesting project-specific advice.

Source and legal review

Primary official source: GAFI Investor Services Center Guide. Reviewed by legal consultant Tarek Ibrahim on 4 October 2026. Recheck requirements at the time of filing.