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A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]
Jessé de Forest's Round Robin from 1621. The term dates from the 17th-century French Rond ruban (round ribbon).This described the practice of signatories to petitions against authority (usually Government officials petitioning the Crown) appending their names on a document in a non-hierarchical circle or ribbon pattern (and so disguising the order in which they have signed) so that none may ...
A shareholder resolution to protest napalm manufacturer Dow Chemical resulted in a U.S. Supreme Court case called SEC v. MEDICAL COMMITTEE FOR HUMAN RIGHTS, 404 U.S. 403 (1972). The court decided that the case was moot due to Dow's agreeing to include the resolution on its proxy statement. [4]
In some constitutional monarchies and parliamentary republics, an order by the head of state (monarch or president respectively) is not valid unless countersigned by another authorized relevant person such as the head of government, a responsible minister or, in the case of promulgation of a parliamentary resolution, the parliamentary speaker ...
The board of directors approved the final draft of the agreement, titled Convention on the Settlement of Investment Disputes between States and Nationals of Other States, and the Bank president disseminated the convention to its member states for signature on 18 March 1965. Twenty states immediately ratified the convention.
The term "resolution" does not appear in the text of the United Nations Charter, which instead uses different formulations, such as "decision" and "recommendation". The UN Charter authorizes the Security Council to take action on behalf of all members of the United Nations, and to make decisions and recommendations.
Whitewash waiver or whitewash resolution is a corporate law concept originating in Hong Kong and Singapore. It refers to a proposed resolution for the waiver of rights of independent shareholders to receive a mandatory takeover from the undertaking shareholders and its concert parties for the ordinary shares of the company not already owned or ...
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