Cheque Signing and Authority
Purpose
To spell out procedures that must be followed in the signing of cheques on behalf of [enter-your-company-name-here].
Procedures
- All cheques must contain two eligible signatures.
- Eligible signatories are Board members or staff members who have been previously nominated and endorsed by the Board.
- Any two of the above have the authority to sign cheques.
- Signatories cannot sign a cheque made payable to themselves.
- A list of all cheques issued each month will be provided to the Treasurer.