Corporate Approval
/ˈkɔːrpərət əˈpruːvəl/
Definitions
- (n.) The formal consent or authorization by a corporation's governing body, such as a board of directors or shareholders, to validate a corporate action or decision.
The merger required corporate approval before it could be finalized.
Forms
- corporate approval
Related terms
See also
Commentary
Corporate approval is often evidenced by resolutions or minutes and is critical to legitimizing corporate acts in compliance with statutory and internal governance rules.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.