shareholder resolution
- 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
- A shareholder resolution was passed during the annual meeting, calling on the board to increase its commitment to environmental sustainability.
- Due to growing concerns about the company's labor practices, the shareholders are planning to initiate a shareholder resolution at the next meeting.
- The board of directors took action according to the stipulations set out in the shareholder resolution.
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