To defeat a special resolution, which percentage of members is required?

To defeat a special resolution, a majority of members must vote against it, but the requirement isn't simply about having more than half of the votes. A special resolution typically requires a threshold of at least 75% approval from the voting members to pass. Therefore, to defeat it, the proportion of members who vote against it must equal or exceed the threshold that would allow it to pass.

In this context, a "more than 25%" vote against the special resolution indicates a significant minority that can effectively block the resolution from being approved. While the correct interpretation of voting thresholds can sometimes lead to confusion, the focus here is on how many members need to oppose it to ensure it does not pass—essentially needing at least 25% of the votes contributing to the defeat. This setup reinforces the importance of protecting minority interests in corporate governance decisions.

Overall, understanding the mechanics of special versus ordinary resolutions provides insight into how corporate governance functions and highlights the necessity for a significant consensus among members for certain decisions.