Shareholder Consent
/ˈʃɛrˌhoʊldər kənˈsɛnt/
Definitions
- (n.) The formal approval or agreement given by the shareholders of a corporation required to authorize certain corporate actions.
The merger could not proceed without shareholder consent.
Forms
- shareholder consent
Related terms
See also
Commentary
Shareholder consent is often required for major decisions affecting a corporation, such as mergers or amendments to bylaws, ensuring shareholder involvement in governance.
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.