Document background
A Shareholder Special Resolution is a crucial corporate governance document used in Indonesian companies when shareholders need to make significant decisions that go beyond ordinary business matters. This document type is specifically regulated under Indonesian Law No. 40 of 2007 on Limited Liability Companies and requires a higher voting threshold (typically 75% or more) compared to ordinary resolutions. It is employed for major corporate actions such as amending the articles of association, approving mergers or acquisitions, authorizing significant asset sales, or implementing capital structure changes. The resolution must be properly documented, may need to be notarized, and often requires registration with Indonesian regulatory authorities. The document serves as official evidence of shareholder approval and forms part of the company's corporate records.
