Document background
A Generic Corporate Resolution is a fundamental corporate document used in the Philippines to formalize decisions made by a corporation's governing body. It is required whenever a corporation needs to document important decisions, grant authorizations, or comply with regulatory requirements. The document must conform to the Revised Corporation Code of the Philippines and related Securities and Exchange Commission regulations. Common uses include authorizing bank transactions, appointing corporate officers, approving major contracts, establishing new business locations, or making significant corporate changes. The resolution typically requires approval during a properly convened board or stockholders' meeting and must be certified by the Corporate Secretary. This document is crucial for maintaining corporate records and serving as evidence of corporate authority for third parties dealing with the corporation.
