Final answer:
A copy of the corporate resolution designation is a formal document made by a company's board of directors that grants trading authority over the company's accounts to a particular individual or committee.
Step-by-step explanation:
A copy of the corporate resolution designation the person who has trading authority over the account is a document typically used in corporate governance. It is a formal statement made by the board of directors of a company that grants specific powers to an individual or a group, often an executive or a committee, to perform particular tasks or make decisions on behalf of the company. This resolution is important for legal and operational purposes since it outlines the scope of authority and responsibility that is being delegated. It may specify, for instance, that a particular officer has the right to buy, sell, or trade stocks and other securities on behalf of the company.
The process usually involves the board meeting and voting on the resolution, which details the name and position of the individual, along with the extent of their powers. After being passed, the resolution is documented and a copy is often given to the relevant financial institutions or parties to acknowledge and recognize the designated authority.