Document background
An Ordinary Resolution of Shareholders is a fundamental corporate governance document used in the United Arab Emirates to formalize routine company decisions that require shareholder approval. This document type is governed by UAE Federal Commercial Companies Law (Federal Law No. 2 of 2015, as amended) and is used when shareholders need to make decisions that can be passed by a simple majority vote. The resolution may be passed either at a general meeting or through written resolution, depending on the company's articles of association and applicable regulations. It's commonly used for matters such as appointing or removing directors, approving annual accounts and auditor reports, declaring dividends, or authorizing routine business transactions. The document must include specific information such as the company details, resolution text, voting results, and appropriate signatures to be legally valid under UAE law.
