Resolution (UK)

In the UK, a resolution typically refers to a formal decision made by a governing body, such as a company’s shareholders or directors, to address specific issues or take certain actions. Resolutions can be approved through voting, either in person or via proxy, and are recorded in official minutes. They may be ordinary, requiring a simple majority, or special, requiring a higher threshold. Resolutions are essential for legally authorizing significant decisions like approving financial statements, appointing directors, or amending governance rules, ensuring transparency and proper governance within organizations.