Direct answer: Manager authority should be consistent across the articles, shareholder resolutions, bank mandates and contracts. Overbroad authority exposes the company; excessive restrictions can paralyse it.

Practical steps

• Separate ordinary and exceptional decisions
• Set thresholds and single or joint signatures
• Reserve borrowing, security and asset sales
• Align articles, resolutions, bank forms and powers
• Update authority after management changes

Documents and decisions

• Articles and authority matrix
• Appointment resolution
• Bank mandates
• Payment policy
• Resolution and power register

Common mistakes

• Unlimited authority
• Undisclosed internal limits
• Inconsistent bank forms
• Leaving former authority active

Frequently asked question

Are two signatures necessary?

They can protect major decisions while sensible thresholds keep routine operations moving.

Next step

Review the activity, ownership, funding and licensing path before commitments. See Legal Protector in English and related articles, then request a project-specific legal assessment.

Source and legal review

Primary official source: GAFI Investor Service Center Guide. Legal reviewer: Tarek Ibrahim. Reviewed on 4 October 2026. Requirements must be rechecked at filing.