The resolution passed by the PHP Board of Directors relates to signing a contract between the company and a subsidiary. The resolution clearly outlines the objectives, benefits, and responsibilities of both parties within the contract. The content will include terms regarding products/services, duration, costs, and payment conditions. Board members thoroughly discussed before reaching the decision, ensuring that the signing will maximize benefits for both the parent company and the subsidiary. Additionally, the resolution specifies compliance with current legal regulations and the company’s internal rules in contract execution.
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