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A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [1] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name. [2] Others may be used to delegate, approve, or rescind decision-making authority to individuals to act on ...
Shareholder resolutions span a wide range of issues. In recent years, the most active issues have included climate change; human rights including topics such as human trafficking, food safety and sustainability, water sustainability, and the affordability of medicines; [3] corporate lobbying and corporate political contributions; corporate governance; financial practices and risk; [4] and gun ...
Deadlock provision. A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions ...
Articles of association are critical documents to corporate operations, as they may regulate both internal and external affairs. [1] Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada.
Ordinary resolution. In business or commercial law in certain common law jurisdictions, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature.
Shareholder resolution. With respect to public companies in the United States, a shareholder resolution is a proposal submitted by shareholders for a vote at the company's annual meeting. Typically, resolutions are opposed by the corporation's management, hence the insistence for a vote. "Voting has long been recognized as one of the primary ...
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