Set approval policy

An approval policy determines how share ledger events are approved and by whom. You need to set a policy before events can be approved.

1. Go to Settings
2. Click Set policy
3. Choose how approvals should be handled
4. Click Next
5. Review the proposal
6. Click Sign & Approve policy

Choose how share ledger events should be approved and by whom.

What happens next?

• The proposal is sent to the board for approval of the policy.
• The policy takes effect once all board members have approved it.
• You can follow the status directly in the system.

What do the options mean?

The options determine who can approve events and how many approvals are required.

• Each board member can approve individually
  Fastest. One board member is enough.
• Delegate approval
  Selected people, such as the CFO or legal counsel, approve instead of the board.
• The entire board must approve
  Maximum control. Everyone must approve.
• A percentage of the board must approve
  A balance between control and flexibility.

Result

Once the policy has been approved:

• share ledger events can be approved
• all approvals are logged and signed
• the process follows the selected policy

Tips

• Make sure all board members have an email address registered
• The policy does not take effect until everyone has approved it
• You can follow who has approved directly in the system
• The policy can be changed later if needed