What to keep in mind
A matrix should record the grantor, attorney-in-fact, instrument, purposes, limits, term, subdelegations and revocations, with cross-checks against corporate offices and counterparty requirements.
An old power is not necessarily terminated simply because the company's manager has changed.
Distinctions often confused
Internal signature limits and authority enforceable against third parties are legally distinct.
Frequently asked questions
Should powers be reviewed following a change of directors?
Yes. The continued relevance and any necessary revocations should be assessed under each instrument.
Is a list of authorized signatories enough without reviewing the documents?
No. The wording and legal status of each instrument determine the actual extent of authority.
Informational content. It is not a substitute for professional advice.