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A signing powers policy (SPP)

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As described in an interview of the legal manager of a Polish subsidiary of SABMiller, “this document describes how the company can assume financial liability. It consists of tables that define the type of obligation, various levels of functions and the maximum liability involved.”

According to the interview, in CounseltoCounsel, July 2006 at 7, the authority levels of different executives in the company are all laid out. Even more, software that handles contracts for the company (See my post of July 14, 2006 on that software.) displays the SPP rules automatically.