Before the Companies Act 2006 (CA 2006), almost anything could be done by the members of a private company by means of a written resolution signed by all the shareholders or class members. CA 2006 made changes to written resolution procedures to make it easier for private companies to use them outwith an AGM.
The principal change is that there is no longer a need for the unanimous consent of shareholders to pass a written resolution, only the appropriate majority. There is also increased flexibility about who can propose resolutions, how they are circulated, and how assent may be given.
This guidance contains: