What percentage of shareholders must provide written consent for significant company decisions?

A percentage of shareholders must provide written consent in order to approve significant company decisions, such as mergers, amendments to the articles of incorporation, or dissolution of the company. The correct percentage of shareholders required for such significant decisions is often set by the governing corporation laws and can vary depending on jurisdiction and the company's bylaws.

In many corporate structures, a higher threshold than a simple majority is required for significant changes to ensure that a greater consensus is achieved among the shareholders. In this context, 76% indicates a strong majority that reflects more than just a simple majority but not requiring total unanimity, which can be difficult to achieve in larger corporations where there are many shareholders.

While 50% might suffice for routine decisions, and 100% would necessitate total agreement that is typically unnecessary for most corporate governance decisions, the threshold of 25% is too low and insufficient for significant company changes. Thus, requiring 76% is a common practice to provide sufficient backing for decisions that could significantly impact the organization and its stakeholders.