Document background
An Operating Memorandum is a crucial internal governance document used to establish and maintain standardized operational procedures within an organization under Belgian law. This document type is particularly relevant when an organization needs to formalize its operational processes, ensure consistent decision-making, and maintain compliance with Belgian regulatory requirements. The memorandum typically includes detailed procedures, roles and responsibilities, reporting structures, and compliance requirements, serving as a comprehensive guide for day-to-day operations. It's especially important during organizational changes, the implementation of new processes, or when seeking to improve operational efficiency while ensuring compliance with Belgian corporate governance standards.
