A resolution passed at a meeting of the shareholders of a company usually at the annual general meeting. A simple majority of those present is sufficient for the passing of such a resolution, unless the articles of association of the company say otherwise. Also, barring any provision to the contrary in those articles, no special notice of the resolution need be given to members other than that necessary for calling the meeting (usually twenty-one days in advance) and stating the reasons for it.
Reference: The Penguin Business Dictionary , 3rd edt.
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