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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 ...
The Single Resolution Board is directly responsible for the resolution of significant banks under ECB supervision, as well as other cross border groups, while national authorities will take the lead in smaller banks. [9] Like the SSM, the SRM Regulation will cover all banks in the eurozone, with other states eligible to join. [9]
A special resolution by comparison requires a greater vote threshold, which varies in different jurisdictions. An ordinary resolution is the most common method by which a corporate entity conducts its business or the board of directors seeks shareholder approval of its actions.
The articles of incorporation typically include the name of the corporation, the type of corporate structure (e.g. profit corporation, nonprofit corporation, benefit corporation, professional corporation), the registered agent, the number of authorized shares, the effective date, the duration (perpetual by default), and the names and signatures ...
A company can increase its authorised share capital by passing an ordinary resolution (unless its articles of association require a special or extraordinary resolution). A copy of the resolution – and notice of the increase on Form 123 – must reach Companies House within 15 days of being passed. No fee is payable to Companies House.