shareholder resolution

Definition of "shareholder resolution"
  1. A binding decision made by the shareholders of a company, asking for a certain action or actions to be taken by the board of directors
How to use "shareholder resolution" in a sentence
  1. A shareholder resolution was passed during the annual meeting, calling on the board to increase its commitment to environmental sustainability.
  2. Due to growing concerns about the company's labor practices, the shareholders are planning to initiate a shareholder resolution at the next meeting.
  3. The board of directors took action according to the stipulations set out in the shareholder resolution.

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