Consent of Shareholders

Consent of Shareholders

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Consent of Shareholders

Provide your corporation's shareholders with an alternative -- and often easier -- way to vote.  Shareholders can sign "consents" in the absence of a meeting, which is particularly helpful when:

  • a meeting is missed
  • a corporation is run by one person
  • a corporation is family owned
See below for a full product description.

There’s more than one way for shareholders to take action. The most familiar way is a shareholders' meeting, but other ways of recording shareholders’ votes are growing in popularity.

In particular, the use of signed “consents” by shareholders in the absence of a meeting is quite common nowadays, especially where one or more shareholders live or work a fair distance from the others.

Using a consent can be particularly helpful when:

  • a meeting is missed
  • a corporation is run by one person
  • a corporation is family owned

Important to Know:

  • Make sure all shareholders are fully informed of all actions in the absence of a meeting.
  • More helpful information about using consent forms can be found in The Corporate Records Handbook.