ordinary (adjective, or-di-nar-y, \ ˈɔːrdneri \) resolution (noun, res-o-lu-tion, \ ˌrezəˈluːʃn \)
Definition: is a resolution proposed and voted for by the board of directors that only requires a simple majority of votes (above fifty percent) to pass. Such resolutions are proposed on general stakeholder meetings and are primarily used to introduce decisions and policies that allow the business to operate more efficiently. The subjects of ordinary resolutions cover most day-to-day tasks including the appointment and removal of directors, executing tactical tradeoffs, hiring auditing agents, etc.
In a Sentence:
- Our boss has deemed necessary to hold a shareholders’ meeting to pass an ordinary resolution regarding the dismissal of Matthew Brown from his post.
- During the last general meeting, the board has passed several ordinary resolutions all aimed at streamlining the operations performed by the customer services department.
- As KL Mobile was reaching the end of its fiscal year, they passed an ordinary resolution to appoint an auditor.
Synonyms and related words: resolution, companies act, special resolution, board of directors
