Ordinary resolution
In
jurisdictions
.
An ordinary resolution is the most common method by which a corporate entity conducts its business or the board of directors seeks shareholder approval of its actions.
The prevailing
constitutional documents, reducing the share capital
or dissolving the company). In addition, in certain circumstances a company may wish to amend its constitution to increase the threshold to provide that a special resolution needs to be passed prior to the company engaging in other matters which may ordinarily approved by simple majority, purely as a matter of internal organisational control.
References
- Clickdocs.com definition
- Guide to Types of Resolutions at CompaniesHouse.gov.uk (England and Wales)
- Ordinary Resolutions at PracticalLaw.com (England and Wales)
- Guide to Company Resolutions at ASIC.gov.au (Australia)
- Definition of Ordinary Resolution at CorporateOnline.gov.bc.ca (British Columbia, Canada)
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