The Board of Directors of the company has resolved that the capital be raised from 1,000,000 € to 9,000,000 €.
The Board of Directors of the company has resolved that the capital shall be raised from 1,000,000 € to 9,000,000 €.
Which one is correct? Is "shall" needed as shown in the second example?
I think they might be different usages in British and American English, I ran across them very frequently. So I want to know which one is conveying the meaning better.
P.s. This structure will be used in legal context.