A Shareholders' Consent to Action Without Meeting, or a consent resolution, is a written statement that describes and validates a course of action taken by the shareholders of a particular corporation without a meeting having to take place between directors and/or shareholders. Bear in mind that a meeting does not necessarily mean a face-to-face meeting nowadays when the bylaws of many corporations authorize shareholders' meetings to be held via telephone or video conferencing. A consent resolution dispenses with the requirement for any form of meeting. Many smaller companies substitute special meetings with consent resolutions because it saves time by not having to schedule meetings. These consent forms are very useful, especially for minor matters where having to call a formal meeting would waste time and resources.