jargon buster

Jargon Buster – O

Word
Meaning

Officers

An officer is any director, manager or secretary or any person who is treated as an officer of the company for the purposes of the provision [in the Companies Act 2006] in question.

Ordinary Resolution

An “ordinary resolution” is a resolution passed by the members (aka shareholders) by a simple majority vote.

Office holder

An individual who has an authoritative position