Document background
An Ordinary Resolution Of Shareholders is a fundamental tool in Hong Kong corporate governance, required under the Companies Ordinance (Cap. 622) for various standard business decisions. This document is typically used when companies need to obtain shareholder approval for routine matters such as adopting annual financial statements, appointing directors, declaring dividends, or appointing auditors. It requires a simple majority vote (more than 50%) to pass, distinguishing it from special resolutions which require a 75% majority. The document must adhere to Hong Kong's legal framework, including proper notice periods, quorum requirements, and voting procedures. It serves as official evidence of shareholder decisions and forms part of the company's permanent records, often being filed with the Hong Kong Companies Registry when required by law.
