Shareholders Resolution FAQ - Canada


What is a shareholders' resolution (or stockholders' resolution)?

A Corporate Resolution is a written document that describes the actions taken by the shareholders (or stockholders) of a corporation.

What is the difference between a resolution and minutes?

A resolution is a written document that describes the actions taken by the shareholders (or stockholders) of a corporation. The minutes are a written document that describes actions taken and resolutions passed by the shareholders (or stockholders) during a regular or special meeting of the shareholders (or stockholders).

What is a Certified Corporate Resolution?

A Certified Corporate Resolution is a resolution that has been verified by the Secretary of the meeting and approved by the President of the corporation.

Who is the Chairperson of a shareholders' meeting?

The Chairperson of a shareholders meeting (or stockholders meeting) would usually be the chairperson of the board. This person is a director who has been elected by the board to preside over board and shareholder meetings (or stockholder meeting). In the absence of the Chairperson the Chief Executive Officer or President or in their absence a vice-president may be delegated or selected to preside over a shareholders meeting (or stockholders meeting).

 

 

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