Board Consent
A formal expression of agreement by the board of directors to approve a specific action or resolution. Board consent can be obtained during a meeting through a vote or, in many jurisdictions, through a written consent process that does not require a physical meeting. The type of consent required (simple majority, supermajority, or unanimous) depends on the company's bylaws and the nature of the action being approved.
Related Terms
A formal statement documenting a decision made by the board of directors, typically following a motion, discussion, and ...
A legal mechanism that allows the board of directors or shareholders to approve corporate actions through a signed docum...
A decision-making threshold requiring more than 50% of eligible voters (board members or shareholders) to approve a prop...
A decision-making standard that requires every eligible voter (all board members or all shareholders of a given class) t...
More Board Meetings Terms
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