Document background
The Board Resolution For Appointment Of Nominee Shareholder is a crucial corporate document used in Philippine business practice when a company wishes to formally authorize and document the appointment of a nominee shareholder. This arrangement is common in situations where beneficial ownership needs to be separated from legal ownership of shares, such as in foreign investment structures or corporate group arrangements. The document must strictly comply with Philippine corporate law, particularly the Revised Corporation Code and SEC regulations, which require specific disclosures and formal board approval. The resolution typically emerges from a formal board meeting and includes detailed information about the nominee arrangement, share specifications, voting rights, and related obligations. It serves as official evidence of the board's decision and provides legal protection for all parties involved in the nominee arrangement.
