An extraordinary resolution is a type of resolution that historically required specific notice and a supermajority vote during a company's general meeting to pass. These resolutions were necessary for critical decisions, such as winding up a company.
A 'general meeting' is a key event in the corporate calendar, during which the shareholders or members of an organization come together to discuss and vote on various issues concerning the business. It plays a critical role in corporate governance, transparency, and accountability.
A binding decision made by the members of a company, either via voting at a general meeting or by unanimous informal consent, as recognized under UK company law and stipulated in the Companies Act or company articles.
