Document background
The Resolution of the Sole Shareholder is a fundamental corporate governance document used in Philippine corporations where all shares are owned by a single shareholder. This document type emerged from the need to streamline decision-making processes in single-owner corporations while maintaining proper corporate documentation and compliance. Under Philippine law, particularly the Revised Corporation Code, such resolutions carry the same weight as decisions made in regular shareholder meetings. The document is commonly used for major corporate actions such as capital increases, amendment of articles of incorporation, election of directors, approval of major transactions, or any other decisions requiring shareholder approval. It must be properly documented and may require submission to the Securities and Exchange Commission (SEC) depending on the nature of the resolution. The format and content must comply with Philippine corporate law requirements and may need notarization for certain types of corporate actions.
