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The Board Resolution For Performance Evaluation serves as a crucial governance document for corporations operating in the Philippines, establishing formal procedures for evaluating board effectiveness and performance. This document becomes necessary when organizations need to implement or update their board evaluation systems in compliance with the Revised Corporation Code of the Philippines and SEC regulations. It typically includes detailed evaluation criteria, assessment methodologies, and reporting requirements. The resolution is particularly important for ensuring transparency, accountability, and continuous improvement in corporate governance practices. It reflects specific Philippine jurisdictional requirements while incorporating international best practices in board evaluation procedures. The document is essential for both publicly listed and private companies seeking to maintain strong corporate governance frameworks and meet regulatory compliance standards.

1. Title and Introduction: Formal declaration of the resolution, including the corporation's name, date, and venue of the board meeting

2. Attendance and Quorum: Confirmation of board members present and verification of quorum requirements being met

3. Recitals (WHEREAS Clauses): Background information explaining the need for performance evaluation and citing relevant legal requirements and corporate governance principles

4. Resolution Statement: The main 'RESOLVED' clause establishing the board's decision to implement the performance evaluation system

5. Evaluation Framework: Definition of the scope, criteria, and methodology for performance evaluation

6. Evaluation Process: Detailed procedures for conducting the evaluation, including timing, responsible parties, and methods

7. Evaluation Criteria: Specific metrics and indicators to be used in the evaluation process

8. Implementation Protocol: Steps for implementing the evaluation process and responsible parties

9. Reporting Requirements: Specifications for how evaluation results will be documented and reported

10. Certification: Formal certification of the resolution's approval by authorized officers