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Unanimous consent ? Agreement on any question or matter before the Senate that sets aside a rule of procedure to expedite proceedings.
A written consent is a document governing bodies within companies can adopt resolutions and take action. A resolution is a statement describing action taken by a governing body within a company. Within a corporation, shareholders, boards of directors and committees of directors may take action by adopting a resolution.
If you are a part of a board of directors or group of shareholders and need to record an official action, and everyone agrees with that action or decision, then a Unanimous Consent can cut to the chase without calling for a meeting.
Meanings of unanimous and consent If a group of people are unanimous, they all agree about one particular matter or vote the same way, and if a decision or judgment is unanimous, it is formed or supported by everyone in ...
The theory behind the principle is that where all the shareholders of a company agree on a matter, and none of them object to a procedural irregularity, it would serve no useful purpose to insist on adherence to formal procedures. For the principle to apply the shareholders' consent must be both unanimous and informed.
Short for Action by Unanimous Written Consent, a UWC is a legal document that memorializes the unanimous consent of the board of directors and/or members of a corporate entity on a specific issue or action.