Document background
The Shareholder Written Resolution is a crucial document used in Malaysian corporate governance when companies need to obtain shareholder approval without convening a physical meeting. This mechanism, provided under the Companies Act 2016, is particularly useful for private companies seeking efficient decision-making processes. The document can be used for various corporate actions such as changes to company constitution, appointment or removal of directors, approval of financial statements, or major business decisions. It must be circulated to all eligible shareholders and becomes effective when the required majority of shareholders have signed it. The resolution must comply with Malaysian legal requirements, including proper formatting, clear statement of the proposed resolution(s), and appropriate signature blocks for shareholder approval.
