Document background
A Resolution of Annual General Meeting is a crucial corporate governance document required under South African law, specifically the Companies Act 71 of 2008. This document is used to formally record all decisions and resolutions passed during a company's Annual General Meeting (AGM). The document becomes necessary whenever a company holds its AGM, which is typically required annually for all public companies and most private companies. It includes details of ordinary resolutions (requiring 50%+1 approval) and special resolutions (requiring 75% approval) on matters such as financial statements adoption, director appointments, auditor appointments, remuneration policies, and other significant corporate decisions. The document serves multiple purposes: it provides a legal record of decisions made, demonstrates compliance with corporate governance requirements, and serves as an official reference for implementing the approved resolutions.
