consent resolution definition

consent resolution

Corporate resolution through which a course of action may be approved without any face to face meetings between directors and/or shareholders. In this method, the proposer of the resolution (a director or a shareholder) signs the written resolution and sends it (as one or more copies) to other directors and/or shareholders who give their approval by signing it. When all the required signatures have been obtained, the action taken is documented by an entry in the firm's minute book.

consent resolution is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.

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