cryptohunter
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In business decisions, there are two types of resolutions ordinary and special each with its own importance and rules.
An ordinary resolution is a regular decision passed by more than half of the voting shareholders, usually over 50% approval. It's used for everyday stuff like approving yearly financial reports, choosing directors, or deciding on dividends. Ordinary resolutions are the go-to for most decisions in a company's daily management.
On the other hand, a special resolution is a big deal. It's for major decisions and needs a higher approval level, usually at least 75% of voting shareholders. Special resolutions are crucial for things like changing the company's rules, its name, or approving certain big business moves. The higher approval needed shows that these decisions are a really big deal.
An ordinary resolution is a regular decision passed by more than half of the voting shareholders, usually over 50% approval. It's used for everyday stuff like approving yearly financial reports, choosing directors, or deciding on dividends. Ordinary resolutions are the go-to for most decisions in a company's daily management.
On the other hand, a special resolution is a big deal. It's for major decisions and needs a higher approval level, usually at least 75% of voting shareholders. Special resolutions are crucial for things like changing the company's rules, its name, or approving certain big business moves. The higher approval needed shows that these decisions are a really big deal.
