Document background
The Shareholder Resolution For Appointment of Director is a crucial corporate governance document used in Philippine corporations when appointing new members to the board of directors. It is required under the Revised Corporation Code of the Philippines and must be filed with the Securities and Exchange Commission (SEC) as part of the company's records. This document is typically prepared following a shareholders' meeting where the appointment was approved, whether at an annual general meeting or a special shareholders' meeting. It must include specific details about the appointment, such as the director's credentials, the voting results, and compliance with qualification requirements. The resolution serves multiple purposes: it formally documents the appointment decision, demonstrates compliance with corporate governance requirements, and provides necessary evidence for updating government registrations and corporate records.
