Members’ Accompanying Statement to Written Resolution
If the members of a company propose a written resolution in accordance with
section 292 of the Companies Act 2006, they may also require the company to
circulate an accompanying statement of up to 1,000 words on the subject
matter of the resolution. This is a template form of statement that may be
used. This statement should be circulated with the resolution(s).
A written resolution may be proposed by either the directors or members. In
general, it will be proposed by the directors who manage and run the
company. This template however refers to a resolution proposed by the
members. This will usually only be the case where the directors will not
propose a resolution and the members wish to force a resolution through
against the directors’ wishes.
Note that a company (or another person who claims to be aggrieved), may
make an application to the court that the rights conferred on members to
propose a written resolution, are being abused by this process.
Optional phrases/clauses are enclosed in square brackets. These should be
read carefully and selected so as to be compatible with one another. Unused
options should be removed from the document.
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highlighted fields or adjust the wording to suit your purposes.
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