Form with which a corporation may alter the amount of outstanding shares issued by the corporation.
Shareholder Resolution Example In Suffolk
State:
Multi-State
County:
Suffolk
Control #:
US-0034-CR
Format:
Word;
Rich Text
Instant download
Description
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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.
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.
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.
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.
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.
This document is for use where all shareholders agree to sign a resolution approving a share issue. If the share issue is not being approved by unanimous resolution of shareholders, use our template directors' resolutions to approve share issues.
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.
How to Pass a Resolution at a Board Meeting The board chair reads the resolution (or asks another board director to do so) The board chair asks for a motion to adopt the resolution. A board director moves to adopt it, and another director seconds it.
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.
A special resolution must be passed by at least 75% of the votes cast by shareholders of the company entitled to vote on the resolution and who vote at the meeting in person or by proxy (if proxies are allowed). The sole shareholder of a company may pass a resolution by recording and signing their decision.