Document background
The Authorized Signatory Board Resolution is a fundamental corporate governance document required under Philippine law to formally delegate signing authority within a corporation. This document is essential when companies need to designate officers or employees who can legally bind the organization in various transactions, from banking to contractual agreements. The resolution must comply with the Revised Corporation Code of the Philippines and often needs to be presented to banks, government agencies, and business partners as proof of authority. It typically includes detailed matrices of signing limits, combinations of required signatories for different transaction types, and may need to be updated whenever there are changes in authorized personnel or corporate policies. Financial institutions in the Philippines particularly require this document for opening accounts, applying for loans, or conducting significant financial transactions.
