Approval for an ordinary resolution requires what level of agreement?

An ordinary resolution requires a simple majority for approval. This means that more than half of the votes cast must be in favor of the resolution for it to pass. In practice, this is typically understood as receiving at least 50% of the votes, plus one additional vote.

Ordinary resolutions are commonly used in various decision-making processes within organizations, including companies, to approve routine matters that do not fundamentally change the nature of the organization or its operations. These could include things like appointing directors, approving annual accounts, or other standard governance issues.

In contrast, a two-thirds majority is typically necessary for special resolutions, which are required for more significant decisions that can affect the foundational aspects of a company, such as amendments to the articles of association or changes in the company structure. An absolute majority would imply that a majority of all possible votes (including non-voters) is needed, rather than just those who participate in the voting process, which is not required for ordinary resolutions. Unanimous agreement requires that every single voter is in favor, which is not feasible for most decisions and is not the standard for ordinary resolutions.