Document background
The Corporate Memorandum is a fundamental tool in Philippine corporate governance and internal communications. It is utilized when formal documentation of corporate matters is required, ranging from policy announcements and procedural changes to strategic decisions and compliance requirements. This document type is governed by the Revised Corporation Code of the Philippines and must adhere to SEC guidelines regarding corporate documentation and record-keeping. Corporate Memoranda serve multiple purposes, including documenting board decisions, communicating policy changes, addressing compliance matters, and maintaining official records of internal communications. They are particularly important in establishing audit trails and demonstrating good corporate governance practices, which are essential requirements under Philippine corporate law.
