5 things you need to know about company (shareholder resolutions):
- There are two types of shareholder resolution under UK company law - an ordinary resolution and a special resolution.
- An ordinary resolution requires a simple majority (i.e. just over 50%) of the shareholders voting in favour to be passed. An example of an ordinary resolution is a shareholder resolution to remove a director.
- A special resolution requires at least 75% of the shareholders voting in favour to be passed. An example of a special resolution is a resolution to change the company’s name or change its articles of association.
- Shareholder resolutions may be passed at an actual meeting of shareholders (e.g. at a general meeting or an annual general meeting) or by way of a written resolution. It important to get the resolution wording right - Brymer Legal can help you with that.
- Special resolutions require to be registered at Companies House.