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This might be a member of the board of directors, the company owner, or someone else with authority, such as a chief executive officer or president. When an individual agrees to or confirms the action being taken by the business, this is referred to as "ratification" in law.
Ratify | Business English to vote on a decision or sign a written agreement to make it official: The decision will have to be ratified by the board.
Ratification: approval of agreement by the state After approval has been granted under a state's own internal procedures, it will notify the other parties that they consent to be bound by the treaty. This is called ratification. The treaty is now officially binding on the state.
To ratify means to approve or enact a legally binding act that would not otherwise be binding in the absence of such approval. In the constitutional context, nations may ratify an amendment to an existing or adoption of a new constitution.
A ratification resolution is an ordinary resolution requiring a simple majority of shareholders attending a meeting, to pass. If a written resolution is circulated then all shareholders (save for the conflicted director and any connected parties) must sign that resolution.
Ratification is the official way to confirm something, usually by vote. It is the formal validation of a proposed law. We almost never use the word ratification except to talk about process by which proposed laws, treaties, and agreements are officially recognized.