Document background
A General Meeting Resolution is a crucial corporate governance document used in Philippine corporations to formally document decisions made during shareholders' meetings. It is required under the Revised Corporation Code of the Philippines and must be prepared whenever shareholders convene to make significant company decisions. The document serves multiple purposes: it provides evidence of proper corporate procedure, creates a legal record of decisions made, and can be used to demonstrate compliance with regulatory requirements to government agencies such as the Securities and Exchange Commission. The resolution must include specific elements such as proper notice, quorum verification, voting results, and authorized signatures. It's particularly important for major corporate actions like mergers, capital increases, bylaw amendments, or election of directors.
