This precedent is a template for shareholder organizational resolutions for a newly incorporated corporation. The precedent will be executed by the shareholders after the completion of the Director Organizational Resolutions by the first directors. This template includes resolutions pertaining to the confirmation of the general by-law, election of the board of directors and the appointment of auditor or waiver of audit requirements. Form of shareholders’ resolutions in writing that can be used in lieu of an organizational meeting for a corporation incorporated under the Canada Business Corporations Act (CBCA) or the Ontario Business Corporations Act (OBCA). For more information on organizing a corporation, visit our Start-up services.
