{"id":69403,"date":"2023-11-09T17:43:01","date_gmt":"2023-11-09T09:43:01","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?page_id=69403"},"modified":"2023-12-28T16:19:32","modified_gmt":"2023-12-28T08:19:32","slug":"ordinary-resolution","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/business-compendium\/ordinary-resolution\/","title":{"rendered":"Ordinary Resolution"},"content":{"rendered":"

Understanding Ordinary Resolution<\/h2>\n

\"OrdinarySummary:<\/strong> Decision-making by a company\u2019s shareholders by means of a simple majority voting.<\/em><\/p>\n

An ordinary resolution is a common corporate decision-making process in which company shareholders vote to make their choices. It is typically used for routine business matters and requires a simple majority vote of at least 50% to pass.<\/p>\n

 <\/p>\n

When Ordinary Resolutions Are Important<\/h3>\n

Ordinary resolutions can be beneficial in various scenarios like:<\/p>\n

Removing Directors:<\/strong> Shareholders may remove a director from office before their term expires.<\/p>\n

AGM Determination:<\/strong> They can determine whether a general meeting is the Annual General Meeting (AGM).<\/p>\n

Director Appointments:<\/strong> Appoint or re-appoint a director who is above the age of 70 years.<\/p>\n

Dividend Declarations:<\/strong> Declare dividends to distribute profits to shareholders.<\/p>\n

Auditor Employment:<\/strong> Employ and declare the remuneration of the company’s auditors.<\/p>\n

Electing New Directors:<\/strong> Electing new directors to replace retiring ones, maintaining the board’s composition.<\/p>\n

 <\/p>\n

Passing Resolutions by Written Means<\/h3>\n

In some cases, companies can pass resolutions without holding a physical meeting. Specific rules govern this process:<\/p>\n

Special Resolution<\/h4>\n

If a resolution is indicated as a special resolution and is formally agreed to by members representing at least 75% (or as required by the constitution) of the total voting rights, it is considered a special resolution.<\/p>\n

Ordinary Resolution<\/h4>\n

Resolutions not marked as special are considered ordinary. They pass when formally agreed upon by a majority (or as required by the constitution) of the total voting rights.<\/p>\n

 <\/p>\n

Conducting Ordinary Resolution Meetings<\/h3>\n

To conduct a meeting for ordinary resolutions, specific procedures are followed:<\/p>\n

Notice:<\/strong> Shareholders must receive a 14-day notice before the meeting.<\/p>\n

Majority Agreement:<\/strong> Ordinary resolutions require a majority vote, typically 50% of the shareholders, to pass.<\/p>\n

Voting Process:<\/strong> The vote is conducted through a simple poll or raising hands. The majority is determined by the number of members who vote, excluding proxies and those who abstain.<\/p>\n

In conclusion, ordinary resolutions are a fundamental part of corporate governance, ensuring routine business decisions are made with shareholder input and approval. These resolutions offer a straightforward and effective way to address various important matters within a company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Understanding Ordinary Resolution Summary: Decision-making by a company\u2019s shareholders by means of a simple majority voting. An ordinary resolution is a common corporate decision-making process in which company shareholders vote to make their choices. It is typically used for routine business matters and requires a simple majority vote of at least 50% to pass.  …<\/p>\n","protected":false},"author":22,"featured_media":69398,"parent":70083,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69403","page","type-page","status-publish","has-post-thumbnail","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=69403"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/69403\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/70083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/69398"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=69403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=69403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/tags?post=69403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}