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A consent resolution is a written corporate resolution that has been signed by a director or shareholder. By signing, the director or shareholder consents to the adoption of the resolution as if the resolution had been formally presented or approved by the board or the shareholders.
It's not appropriate to use unanimous board meeting consent for just any matter that needs board approval. If the matter has an obvious consensus and everyone agrees, the board chair doesn't need to verify a quorum and the board doesn't have to meet in person.
Flexibility. Written consent is only used for unanimous decisions. Any other business that requires a simple majority cannot be voted on in this way. This means that there is always room for a decision-making meeting.
Unanimous Written Consent means a written consent executed by at least one representative of each Member.
A form of unanimous written consent of the board of directors for a Delaware corporation to be used when the board of directors takes action without a formal board meeting. This Standard Document has integrated notes with important explanations and drafting tips.
Unanimous Written Consent means a written consent executed by at least one representative of each Member.
A shareholder meeting will often be called when shareholder input is needed in a major decision, such as a change in directors. Investors are also able to call special shareholder meetings, subject to a specific set of rules.
Shareholder action by written consent refers to corporate shareholders' right to act by written consent instead of a meeting. This type of consent avoids some of the negative characteristics of shareholder meetings.