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resolution
by 趙永祥 2015-09-04 08:11:05, Reply(0), Views(578)



BusinessDictionary.com
TERM OF THE DAYAUGUST 28, 2015
resolution
f   t

1. Formal authorization or expression of an actiondecision, intention, opiniontransaction, etc. 
2. Proposition put before a meeting of stockholders (shareholders) or the directors of a firm for discussion,approval or adoption. Resolutions are of four common types: (1) Elective (see elective resolution), (2) Extraordinary (see extraordinary resolution), (3) ordinary (see ordinary ... Read more

USAGE EXAMPLE
When the company's profitability decreased steadily over a five year period, the shareholders passed aresolution to decrease executive salaries as a way to reduce expenses.
FRIDAY QUIZ CHALLENGE
QUESTION
Written authorization from an absent member (or a shareholder, called the 'principal') that confers a limited power of attorney on another person, member, or management of the firm (called 'agent' or 'proxy') to vote on behalf of, and in accordance with the directions of, the principal.
CHOOSE THE ANSWER
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