English to German Bus/Financial Law: Contract(s) Aktien

"This Agreement has been duly authorized, executed and delivered by the Company and constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms. The sale and delivery of the Shares have been duly authorized by all required corporate action on the part of the Company."

Kann mir jemand sagen, wie "corporate action" hier zu verstehen ist? Was man üblicherweise so findet, macht meiner Meinung nach hier nicht viel Sinn.