Which resolution type is typically needed for matters requiring member consensus without special provisions?

Study for the ICAEW ACA Certificate Level - Law Test. Dive into multiple choice questions and detailed explanations to prepare effectively. Get ready for your exam!

An ordinary resolution is typically required for matters that need member consensus without any special provisions. This type of resolution is the most common form of decision-making within a company and usually requires a simple majority of votes from those present and voting. Ordinary resolutions are used for general decisions such as approving financial statements, electing directors, and other routine corporate matters.

In contrast, special resolutions involve different criteria, such as needing a higher percentage of votes or a specific process to enact significant changes, like altering the company’s articles of association or dissolving the company. Unanimous resolutions necessitate that every single member agrees, which is often impractical for most decisions. Majority resolution is not a standard term used in corporate governance; instead, it refers to the concept of a simple majority typically encapsulated within ordinary resolutions. Therefore, the ordinary resolution fits perfectly for matters requiring consensus without additional complications.

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