Create & run custom investor/member consent

Select which share classes & shareholders are entitled to vote on the matter requiring consent, whether any votes are mandatory, the % threshold for approval, the vote deadline and how to treat votes not cast before the deadline. This should be in line with the rules governing the consent process (usually in a shareholder's agreement or the articles).

When you set up the consent process, Kudocs will calculate an investor's voting % by their % shareholding within the shareholder group selected for the consent matter. This may be different from their % shareholding or voting rights on a regular members' resolution, which would normally be based on the company's total share capital or on the total number of shares within a certain share class.

Worked example:
- Shareholder X has 100 shares. On a normal member's resolution, this gives them 20% of the voting rights for a certain share class.
- in the investor consent process within Kudocs, you select Shareholder X as 1 of 3 shareholders to vote.
- each of the 3 selected shareholders has 100 shares. This totals 300 shares for the group of selected shareholders.
- Kudocs calculates each shareholder's voting % as 33.33% (100/ 300), not 20%.

Complete the consent matter title i.e. what investors are being asked to consent to. You can also add explanatory notes and upload documents.

You can add multiple matters as long as they all follow the same voting rules and %s etc. Shareholders can vote individually on each consent matter. If different matters require different voting rules or voters, a new process should be run for each matter.

Each investor/shareholder will receive one email with all of the consent matters to vote on. You can also manually record votes on behalf of a shareholder. Custom wording and attachments can be added to the cover email.

Information is stored in Kudocs for future reference. Signed consents are stored in the document store, and can also be added to a transaction bible if your package allows this.