Document background
The Decision Memorandum is a crucial governance document used in Belgian corporate practice to formalize and document significant organizational decisions. It serves multiple purposes: providing a clear record of decisions made, demonstrating compliance with corporate governance requirements, and creating an audit trail for future reference. The document is particularly important in the Belgian legal context, where corporate decisions must be properly documented and archived according to the Belgian Code of Companies and Associations. A Decision Memorandum typically includes detailed information about the decision-making process, rationale, financial implications, risk assessments, and implementation plans. It is commonly used for major corporate decisions such as strategic initiatives, significant investments, organizational restructuring, or policy changes. The document must be prepared in accordance with Belgian corporate law requirements and often requires formal approval from authorized corporate bodies such as the Board of Directors or Management Committee.
