Understanding Special Resolutions

The video tutorial explains the concept of resolutions, focusing on the difference between ordinary and special resolutions. A special resolution requires votes in favor to be three times those against. Examples with 100 and 20 shareholders illustrate how to calculate the necessary votes for a special resolution. Various voting methods, including show of hands, electronic voting, and postal ballots, are discussed.

What is the key difference between an ordinary resolution and a special resolution?

• Ordinary resolution requires a simple majority, while special resolution requires unanimous votes.

• Ordinary resolution requires unanimous votes, while special resolution requires a simple majority.

• Ordinary resolution requires three times the votes in favor, while special resolution requires a simple majority.

• Ordinary resolution requires a simple majority, while special resolution requires three times the votes in favor.

In a special resolution, how many times more should the votes in favor be compared to the votes against?

• Two times

• Three times

• Four times

• Five times

If 25 shareholders vote against a special resolution, how many votes in favor are needed to pass it?

• 100

• 75

• 60

• 50

In the example with 100 shareholders, if 24 vote against the resolution, how many must vote in favor for it to pass?

• 76

• 74

• 73

• 72

For a company with 20 shareholders, how many votes in favor are needed if 5 vote against a special resolution?

• 15

• 18

• 10

• 12

If 5 shareholders vote against a special resolution, what is the minimum number of votes in favor required?

• 10

• 12

• 18

• 15

What is the correct calculation to determine the votes in favor needed for a special resolution if 5 votes are against?

• 5 - 3

• 5 / 3

• 5 x 3

• 5 + 3

Which of the following is NOT a method of voting for a special resolution?

• Verbal agreement

• Electronic voting

• Postal ballot

• Show of hands

Which method of voting includes proxies for calculating votes in a special resolution?

• Poll

• All of the above

• Electronic voting

• Show of hands

What is included in the calculation of votes for a special resolution?

• None of the above

• Only electronic votes

• Proxies and postal ballots

• Only in-person votes