Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shareholder Resolution Example In Dallas
State:
Multi-State
County:
Dallas
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
FAQ
Filing resolutions with Companies House Special resolutions must be delivered to Companies House by post within 15 days of being passed. They cannot be delivered electronically.
Shareholders holding at least $2,000 worth of stock in a publicly-traded company for at least three years prior to the filing deadline can introduce a resolution to company management to be voted on at the next annual meeting.
These resolutions may pertain to company policies and procedures, corporate governance or issues of social or environmental concern. Shareholder resolutions are a meaningful way for shareholders to encourage corporate responsibility and discourage company practices that are unsustainable or unethical.
What should shareholder resolutions include? Your corporation's name. Date, time and location of meeting. Statement that all shareholders agree to the resolution. Confirmation of the necessary quorum for business to be conducted. Names of shareholders present or voting by proxy. Number of shares for each voting shareholder.
A written resolution is an alternative way for shareholders to vote on a resolution that requires their approval to become effective. Importantly, the company does not need to convene a general meeting. This saves considerable time and expense.
There are two main types of shareholders' resolution: 'ordinary' and 'special'. An ordinary resolution is passed by a simple majority of members, while a special resolution requires not less than 75% of the total voting rights of eligible members.
Shareholder resolutions allow shareholders to propose changes and express their view to management and the board of directors. This enables the shareholders, as owners of the company, to influence its policies and direction.