Document background
The First Directors Resolution is a crucial corporate document required following the incorporation of a company in Hong Kong. It is typically prepared and executed immediately after receiving the Certificate of Incorporation from the Hong Kong Companies Registry. The resolution documents the first formal meeting of the director(s) and records essential decisions necessary to commence business operations, including officer appointments, share issuances, and banking arrangements. The document must comply with the Hong Kong Companies Ordinance (Cap. 622) and often serves as a reference point for future corporate actions. It's particularly important as evidence of proper corporate governance for stakeholders, regulators, and financial institutions. The resolution typically includes both mandatory elements required by law and optional provisions based on the specific needs of the newly formed company.
