Document background
Trust Meeting Minutes are essential documents in Philippine trust administration, required under the Civil Code of the Philippines and various regulatory frameworks. These minutes serve as the official record of trust meetings, documenting key decisions, discussions, and actions related to trust management. They are used whenever formal trust meetings occur, whether regular scheduled meetings or special sessions, and must capture attendance, quorum details, resolutions passed, and action items assigned. The document plays a crucial role in maintaining transparency, ensuring proper governance, and providing an audit trail for trust activities. Trust Meeting Minutes are particularly important for demonstrating compliance with fiduciary duties and regulatory requirements, while also protecting trustees by documenting their decision-making processes and rationale.
