Document background
Directors Minutes are fundamental corporate documents required by Philippine law, specifically under the Revised Corporation Code and various SEC regulations. These minutes serve as the official record of board meetings and are crucial for documenting corporate governance, decision-making processes, and compliance with legal requirements. The document must be maintained by all corporations registered in the Philippines, regardless of size or type. Directors Minutes typically include meeting details, attendance records, quorum confirmation, agenda items discussed, and all resolutions passed. They play a vital role in protecting both the company and its directors by providing clear documentation of the board's deliberations and decisions. These minutes may be requested during regulatory audits, used as evidence in legal proceedings, or required for various corporate transactions.
