Question Tag: Voting Requirements

1. Ordinary Resolution:
   • An ordinary resolution is one that is passed by a simple majority of votes cast by members entitled to vote, either in person or by proxy, at a general meeting.
   • Typically used for routine decisions such as the appointment of directors, approval of dividends, and other standard business matters.
2. Special Resolution:
   • A special resolution requires a higher threshold and is passed by not less than three-fourths (3/4) of the votes cast by members entitled to vote, either in person or by proxy, at a general meeting.
   • Special resolutions are used for significant decisions such as amending the company’s constitution, changing the company’s name, or approving a merger or liquidation.

(2 marks each = 4 marks)