Are written resolutions new? What is a special resolution? The wording of the resolution. A description of how shareholders can signify agreement. Special resolutions are require among other things, to alter the articles of association for a company.
A written resolution is passed when the required majority of eligible members have signified their agreement to it.
The special resolution regime helps to protect minority shareholders against important decisions being taken without proper consideration an to the extent possible, consensus. In areas covered by a special resolution , a shareholder or group of shareholders together holding of the shares can effectively oppose a resolution. The procedure has been commonplace for years, but have now been put on a statutory basis, with much more complex rules than applied hitherto. A resolution may be proposed as a written one by the directors or by the members.
The company must send the proposed resolution to every eligible member either in hard copy form, in electronic form or by means of a website. The requirements as to notice and so on, are the same as for a physical meeting. When is the written Special Resolution passed?

