Unanimous Consent
A decision-making standard that requires every eligible voter (all board members or all shareholders of a given class) to approve a proposed action. Unanimous consent is the highest voting threshold and is sometimes required for significant corporate actions such as amending foundational documents, waiving certain investor rights, or taking action by written consent in lieu of a meeting. While it provides the strongest protection for minority stakeholders, it also gives any single dissenter effective veto power.
Related Terms
A decision-making threshold requiring more than 50% of eligible voters (board members or shareholders) to approve a prop...
A formal expression of agreement by the board of directors to approve a specific action or resolution. Board consent can...
A legal mechanism that allows the board of directors or shareholders to approve corporate actions through a signed docum...
Contractual rights that give preferred stockholders (typically investors) the ability to block certain corporate actions...
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