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Resolution By Trustees

Resolution By Trustees Template for Indonesia

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Key Requirements PROMPT example:

Resolution By Trustees

"I need a Resolution By Trustees document for our Indonesian educational foundation to approve the sale of a property asset in Jakarta, with the decision to be implemented by March 2025 and requiring special mention of the property's valuation report."

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Document background
A Resolution By Trustees is a crucial governance document used in Indonesian trust and foundation administration to formally document decisions made by trustees. This document type is essential when trustees need to make significant decisions regarding trust or foundation assets, policies, or operations. It must comply with Indonesian legal requirements, particularly those set out in Law No. 28 of 2004 on Foundations and related regulations. The resolution should be used whenever trustees make important decisions that require formal documentation, such as asset transfers, policy changes, appointment of officers, or major financial decisions. It serves as both a contemporary record of decision-making and a historical document for future reference, protecting both trustees and beneficiaries by clearly documenting the decision-making process and rationale.
Suggested Sections

1. Title and Date: Formal title of the resolution including the name of the trust/foundation and the date of the resolution

2. Attendance and Quorum: List of trustees present, confirmation of quorum requirements being met, and details of any other authorized attendees

3. Background: Context and circumstances leading to the need for the resolution

4. Recitals: Reference to relevant trust deed provisions, previous resolutions, and applicable laws that give authority for the resolution

5. Deliberation: Summary of the key points discussed and considered by the trustees

6. Resolution: Clear statement of the decisions made by the trustees, numbered if multiple decisions

7. Implementation Authority: Authorization for specific trustees or officers to implement the resolution

8. Certification: Formal certification of the resolution's validity and trustee signatures

9. Execution: Signature block for all trustees, with space for names, titles, and dates

Optional Sections

1. Voting Results: Required when there is not unanimous agreement, detailing how each trustee voted

2. Dissenting Opinions: Include when any trustee wishes to record their opposition or concerns

3. Professional Advice: Include when the resolution relies on external professional opinions or advice

4. Conflict of Interest Declarations: Required when any trustee has a potential conflict of interest

5. Conditions Precedent: Include when the resolution's implementation is subject to certain conditions being met

6. Timeline for Implementation: Include when specific timing requirements need to be documented

Suggested Schedules

1. Supporting Documents: Relevant documents referenced in the resolution (e.g., financial statements, valuations, reports)

2. Power of Attorney: If specific powers are being delegated as part of the resolution

3. Legal Opinion: Any legal opinions relied upon in making the resolution

4. Notice of Meeting: Copy of the notice given to trustees for the meeting

5. Related Correspondence: Any crucial correspondence or documents referenced in the resolution

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Trust Deed
Board of Trustees
Trust Property
Resolution
Quorum
Trust
Foundation
Yayasan
Governing Documents
Meeting
Trustee
Beneficiary
Trust Administrator
Effective Date
Implementation Date
Majority Vote
Special Resolution
Ordinary Resolution
Deliberation
Dissenting Vote
Written Resolution
Circular Resolution
Trust Assets
Authorized Signatory
Implementing Authority
Professional Advisor
Regulatory Authority
Corporate Secretary
Minutes
Notice Period
Voting Rights
Abstention
Conflict of Interest
Related Party
Relevant Industries

Financial Services

Non-Profit Organizations

Education

Healthcare

Religious Organizations

Social Services

Family Offices

Asset Management

Charitable Foundations

Corporate Trusts

Real Estate Investment

Public Services

Relevant Teams

Legal

Compliance

Corporate Governance

Risk Management

Trust Administration

Foundation Management

Board Secretariat

Corporate Affairs

Finance

Asset Management

Relevant Roles

Trustee

Foundation Director

Trust Administrator

Legal Counsel

Corporate Secretary

Compliance Officer

Risk Manager

Board Member

Foundation Manager

Trust Operations Manager

Governance Officer

Financial Controller

Executive Director

Asset Manager

Industries
Law No. 28 of 2004 on Foundations (Undang-Undang Yayasan): The primary law governing foundations in Indonesia, which includes provisions on trustee appointments, responsibilities, and decision-making processes
Indonesian Civil Code (Kitab Undang-Undang Hukum Perdata): Contains basic provisions regarding legal entities, contracts, and fiduciary duties that apply to trustee relationships
Law No. 40 of 2007 on Limited Liability Companies: While primarily for companies, this law provides relevant governance principles that may be applicable to trustee decisions by analogy
Government Regulation No. 63 of 2008: Implementing regulation for the Foundation Law that provides detailed rules on foundation management and trustee responsibilities
Law No. 25 of 1992 on Cooperatives: Contains provisions relevant to collective decision-making in organizations that may be applicable to trustee resolutions
Financial Services Authority (OJK) Regulation No. 27/POJK.03/2015: Relevant for trusts involving financial assets or services, including governance requirements and trustee obligations
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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