Shareholders and Directors make decisions by passing resolutions. It’s the democratic way of doing things that is set out in the Articles of Association.
For day to day matters, most decisions are made by the board of directors by a majority vote and the board is required to keep a written record of their decisions.
Some decisions do not relate to day to day matters. These include:
- Changes to the Articles of Association
- Approval of loans to directors
- Ratification of breaches of a director’s duty
- Changes to the share capital of the company
- Removal of a director
- Purchase of own shares
We have considerable experience in advising on these matters and in preparing all legal documentation to do these things.
If you would like to discuss a potential matter or would like any further information then please contact one of our team using the details shown on this page.