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Corporate resolution. 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 ...
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 rights of shareholders."
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 ...
The Special Resolution requires a 60, 70 or 80% of the vote as stipulated by the constitution of the company. Shareholders other than partners may vote. The matters which require the Ordinary and Special Resolution to be passed are enumerated in company or Corporate Law. Special Resolutions covering some topics may be a statutory requirement.
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.
Extraordinary resolution. In business or commercial law, an extraordinary resolution or special resolution is a resolution passed by the shareholders of a company by a greater majority than is required to pass an ordinary resolution. The precise figures vary in different countries, but commonly an extraordinary resolution must be affirmed by ...
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