- approval of shareholders
Companies are ultimately controlled by their shareholders voting in general meeting. Meetings of shareholders are convened by formal notice. The procedure is contained in the Articles of Association. Ordinary resolutions are passed by a simple majority of shareholders present in person or in proxy voting at the meeting. Special Resolutions require a 75% majority.
Easyform Glossary of Law Terms. — UK law terms.
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approval */*/*/ — UK [əˈpruːv(ə)l] / US [əˈpruv(ə)l] noun [uncountable] 1) a positive feeling that you have towards someone or something that you think is good or suitable Children are constantly looking for signs of approval from their parents. Her ideas on the… … English dictionary
approval — ap‧prov‧al [əˈpruːvl] noun [uncountable] 1. when someone officially accepts something: • His proposals cannot become law until they have obtained Congressional approval. • Approval for the new buildings was given in July. 2. on approval if you… … Financial and business terms
approval — ap|prov|al W3S2 [əˈpru:vəl] n 1.) [U and C] when a plan, decision, or person is officially accepted ▪ The president has already given his approval to the plan. ▪ It is just three months since we received official approval to go ahead with the… … Dictionary of contemporary English
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