The directors and officers of Ontario companies approve matters relating to the corporation's day to day business by passing resolutions either at meetings or by all directors or shareholders, as the case may be, signing a written resolution. Depending on the type of approval there can be a different form of resolution. The Ontario Business Corporations Act outlines the procedure for approving the various types of matters.
Subsequent to incorporating an Ontario company is is important that the directors and shareholders have a full understanding of the requirements of the Business Corporation Act (Ontario).
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