Majority Consent
A decision-making threshold requiring more than 50% of eligible voters (board members or shareholders) to approve a proposed action or resolution. Majority consent is the standard voting requirement for most routine board decisions unless the company's bylaws, articles of incorporation, or applicable law specify a higher threshold (supermajority) for certain actions. Understanding majority consent requirements is essential for determining whether a quorum can pass valid resolutions.
Related Terms
A decision-making standard that requires every eligible voter (all board members or all shareholders of a given class) t...
The minimum number of board members (or shareholders) who must be present at a meeting for the proceedings and votes to ...
A formal statement documenting a decision made by the board of directors, typically following a motion, discussion, and ...
A formal expression of agreement by the board of directors to approve a specific action or resolution. Board consent can...
More Board Meetings Terms
Simplify Your Board Governance
I'mBoard helps startup CEOs manage board materials, track resolutions, and run better meetings.