I watched Dragons Den last night and the new lady said she wanted 26% of the shares as if the existing shareholders had 75% they had control, so she wanted to break that.
Call me naieve, but isn't 51% enough to dominate? What is relevant about the extra 24%?
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51%=Ordinary Resolution - 76%=Special Resolution
Ordinary resolutions are for the usual trading and recurring matters of a company, i.e. approving annual accounts, appointment of directors, change in shareholdings etc.
Special resolutions are for the "biggies" such as company name change, change in share capital, etc.
BusinessZone coverage
If you'd like more reaction and analysis on Sunday's episode, Adam Gore of find-me-a-gift.co.uk has written a round-up for our sister site, BusinessZone.co.uk