To add a clause to the shareholder agreement requiring a higher threshold of approval for special decisions (also referred to as a major decisions clause)
- Open the Electronic Minute Book Form of the corporation
- Under the Shareholder Agreements tab select Decision Making and answer the first question with a yes, enter a number representing the percentage of voting shares required to approve the special decisions, and select the special decisions that should be subject to this threshodl of approval from the provided options
- While we provide you with a list of major decisions, you can add and remove any decisions you wish, to make sure the options suit your needs.
How to Modify the Default List of Major Decisions
You can modify the list of default major decisions to have them meet your needs. Once you do this, your defaults will be shown as options for major decisions under this section of the Electronic Minute Book Form.
These decisions are listed in the shareholder agreement under the special decisions category and are identified as ones requiring the approval of the provided percentage of voting shares.
To modify the list of default major decisions,
- Click on Settings in the sidebar, click on Firm Defaults, and look for Shareholder Agreement Settings
- You can press the Add Default Values button to get a list of major decisions. You can then add, remove, or modify any of them as you wish.
- Click on Save and click on Close Form.