Get Board Resolution Template Hong Kong

Ordinary Resolution: It requires just over 50% of directors to pass a decision. For instance, if there are 10 board members, the board will need the approval of at least six directors to pass a resolution.

Each qualified individual has one vote. Board resolutions only pass if they achieve a simple majority (over 50% of directors' votes). Some companies may stipulate that a higher majority or that a unanimous agreement is necessary to pass a resolution.

Decision-making by directors Decisions are usually taken either by passing resolutions at a board meeting or by passing a written resolution. Although a sole director may be able to hold a board meeting, in practice, a sole director would usually make decisions by passing written resolutions.

Each qualified individual has one vote. Board resolutions only pass if they achieve a simple majority (over 50% of directors' votes). Some companies may stipulate that a higher majority or that a unanimous agreement is necessary to pass a resolution.

622 Companies Ordinance ─ Section 563 Ordinary resolution. 563. An ordinary resolution of the members (or of a class of members) of a company means a resolution that is passed by a simple majority. the number of the persons who vote on the resolution as duly appointed proxies of members entitled to vote on it.

How to Write a Board Resolution Put the date and resolution number at the top. ... Give the resolution a title that relates to the decision. ... Use formal language. ... Continue writing out each critical statement. ... Wrap up the heart of the resolution in the last statement.

Once you have finalized your corporate resolution, the person who brought the decision to the board or whoever will be charged with enacting it must sign. This is generally a board member or a corporate secretary.

Directors and Board Meetings Generally, the board authorises the actions of the company through board resolutions passed at board meetings or, if authorised by the articles, by written resolution signed by all the directors or a stated proportion of them.