Shareholder resolutions: is the die really cast?

21 May 2015
corporate

This is a brief analysis of the effectiveness of a provision in a company’s articles of association that gives the chairman of a shareholders’ meeting a casting vote.

We’ll be demonstrating that such a provision is now generally ineffective and even if it is effective, in the long run, it is usually best to remove it.

Companies incorporated after 1 October 2007: no casting vote
Regardless of what a company’s articles of a...

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