A resolution is a formal and legally binding company decision or action made by its members (ie shareholders). Resolutions are often contained in legal documents.
Resolutions must be made in accordance with a company’s rules and relevant laws (many of which are contained within the Companies Act 2006). The rules by which a company is run and administered are set out in its Articles of Association and Memorandum of Association, which form its constitution.
Resolutions can be made at general meetings (eg ordinary and special resolutions) or in writing (ie written resolutions). Our Shareholder resolution can be used to pass company resolution at a general meeting and in writing.