Resolutions are the ways and means by which the decisions of companies are made. Generally, resolutions are classified into ordinary and special resolutions. In respect of the latter, it requiresQuestion 2Answera.simple majority of votes castb.the casting vote of the chairmanc.the intervention of the Commission to break a tied.three-fourths of votes cast
Question
Resolutions are the ways and means by which the decisions of companies are made. Generally, resolutions are classified into ordinary and special resolutions. In respect of the latter, it requiresQuestion 2Answera.simple majority of votes castb.the casting vote of the chairmanc.the intervention of the Commission to break a tied.three-fourths of votes cast
Solution
The answer is d. three-fourths of votes cast. Special resolutions typically require a higher threshold of approval, often three-fourths of votes cast, to pass. This is because special resolutions are usually for more significant or impactful decisions within a company.
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