Document background
The Shareholder Written Resolution is a crucial document in German corporate governance that allows companies to obtain shareholder approval without convening a physical meeting. Under German law, this document type is particularly useful for companies with a concentrated shareholder base or when urgent decisions need to be made. It must comply with either the German Stock Corporation Act (AktG) or the Limited Liability Companies Act (GmbHG), depending on the company type. The document typically includes details of the company, participating shareholders, proposed resolutions, and required majorities for approval. It's commonly used for decisions such as appointing directors, approving financial statements, amending articles, or authorizing significant transactions. The written resolution process must ensure all shareholders' rights are protected and proper documentation is maintained as required by German corporate law.
