How many days notice is required for a meeting if 90% of shareholders consent?

In general, corporate governance rules dictate that meetings of shareholders typically require a specific notice period to ensure all shareholders have the opportunity to participate. However, when 90% of shareholders consent to a particular meeting waiver, the requirement for notice can be bypassed. This consent effectively acknowledges and allows for immediate action without the formal notice protocols typically required.

This scenario illustrates the principle that a high level of agreement among shareholders can lead to leniency in procedural requirements. When the vast majority of shareholders are in agreement, the need for formal notice diminishes or becomes unnecessary, facilitating swift decision-making and action within the corporation. This practice is common in business law, where the intent is to respect shareholder rights while also allowing for practical governance when consensus is achieved.