Decision Making in Companies

<p>One member is unable to express his consent due to incapacity (D)</p> Signup and view all the answers

<p>It can replace a formal general meeting or written resolution (C)</p> Signup and view all the answers

<p>When some members do not consent in written form (B)</p> Signup and view all the answers

<p>It invalidates any decisions requiring member agreement (B)</p> Signup and view all the answers

<p>All registered members must fully agree with no dissent (B)</p> Signup and view all the answers

<p>Shareholder direction can limit the directors' powers (C)</p> Signup and view all the answers

<p>More than 50% (C)</p> Signup and view all the answers

<p>Special resolution (D)</p> Signup and view all the answers

<p>21 days (B)</p> Signup and view all the answers

<p>Two (D)</p> Signup and view all the answers

<p>Two directors (A)</p> Signup and view all the answers

<p>The board can change the model articles unilaterally. (A)</p> Signup and view all the answers

<p>Two members must be present. (D)</p> Signup and view all the answers

<p>Only if the board fails to call a meeting. (B)</p> Signup and view all the answers

<p>14 days (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>False (B)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

<p>True (A)</p> Signup and view all the answers

A way for a company to make decisions without formal meetings, if all shareholders agree.

Decisions made through official meetings, like board or shareholder meetings.

All members agree, no formalities required for the decision.

Landmark case establishing the Duomatic principle.

A shareholder whose name appears on the company's register.

Person managing the daily business of a company.

Decision made by shareholders.

Decision made by the company's board of directors.

A resolution requiring a higher majority of shareholders to pass.

A document that outlines how a company is governed.

A decision made by shareholders requiring more than 50% of votes in favor.

Requires at least 75% of votes for passage.

Minimum number of shareholders needed for a valid general meeting.

Minimum number of directors needed for a valid board meeting.

Time frame for notifying shareholders about a meeting.

Maintain order, control discussion, and declare votes during meetings

Process to remove a director, usually by shareholder vote.

Process to change the official name of a company.

Formal record of discussions and decisions taken during meetings.

The Duomatic principle has strict rules: All registered members must agree, their consent must be genuine, and it must be clear they truly agreed.

No, Duomatic requires all living registered members to agree. Even if someone died, their name may still be on the register, so Duomatic doesn't apply.

Directors usually make day-to-day decisions for a company, but they must follow limits set by the company's articles and any shareholder directives.

This part of a company's documents outlines how a company is run, including the directors' responsibilities.

Shareholders can, by a special vote, tell the directors to do or not do specific things.

A company decision requiring a simple majority of shareholders in favor, more than 50% of votes.

You need more than 50% of shareholders to vote in favor of an Ordinary Resolution.

To pass a Special Resolution, you require at least 75% of shareholders to vote in favor. It's a higher threshold than for an Ordinary Resolution.

The entities within a company responsible for making decisions - typically the board of directors and the shareholders.

The minimum number of qualified people needed to be present at a meeting to make valid decisions. Without enough attendees, the meeting can't proceed.

A gathering of shareholders to discuss and vote on important company matters.

A 28-day notice period required to remove a director from office. This allows for proper consideration and the chance for the director to defend themselves.