Document background
The Members Written Resolution is a crucial corporate governance tool in Indonesian business practice, specifically authorized under Law No. 40 of 2007 on Limited Liability Companies. This document type is typically used when shareholders need to make decisions efficiently without convening a physical general meeting, provided all shareholders agree to this approach. It's commonly employed for routine corporate matters, significant business decisions, or urgent resolutions requiring shareholder approval. The document must comply with Indonesian legal requirements, including proper documentation of shareholder details, clear statement of resolutions, and appropriate execution procedures. Written resolutions are particularly valuable for companies with foreign shareholders or those requiring quick decision-making, though certain major corporate actions may still require physical meetings under Indonesian law.
