Week 12 - Resolutions Flashcards
What is a resolution?
The formal way in which a decision of the shareholders is proposed and passed
How are resolutions generally passed?
At a general meeting by a majority of the votes cast; by show of hands - one vote each by those present
What is the other way of voting?
Voting by poll, where the number of votes each is determined by the number of shares they hold
What can private companies pass?
Written resolution
What is an ordinary resolution?
A resolution that is passed by a simple majority (over 50% of the shareholders voting)
How many days notice do you have to give for an ordinary resolution?
14 days
What happens where a resolution is required by CA 2006, but not specified?
An ordinary resolution is required (unless articles require a higher majority)
Ordinary resolutions may cover any business for which…
A special resolution is not required
