Glossary

Written Consent of Stockholders

A Written Consent of Stockholders is an approval of corporate actions by the stockholders of a corporation via a written consent. Stockholders of a Delaware corporation may approve any action by written consent that may otherwise be approved at an annual or special meeting of the stockholders, unless otherwise provided in the company's certificate of incorporation. Many private companies have corporate actions approved by written consent of stockholders so as to avoid the expense of stockholder meetings.