Consensus decision-making is a group decision-making process in which group members develop, and agree to support a decision in the best interest of the whole. Consensus may be defined professionally as an acceptable resolution, one that can be supported, even if not the "favourite" of each individual. Corporate bylaws define a corporation's purpose, how it will operate, and the duties and responsibilities of the people who own and manage it. They also let you specify shareholder ownership rights, select officers and directors, plan annual meetings, and establish how to remove officers or directors. Corporate bylaws also describe how stock is issued by the corporation. Corporate bylaws are sometimes called corporation bylaws, company bylaws, or a bylaws template. 3) taking turns in a unified attempt to build each proposal idea into the best possible proposal before choosing between them. And 4) using empathy in the closure stage to address any unresolved feelings from the process. Even if Bylaws are not required (see state-by-state requirements), it's a smart idea to put them in place so you'll have clear rules in place. Reviewed by Rocket Lawyer On Call Attorney C. Mario Jaramillo, Esq.When your company is organized as a corporation, many states require you to create Corporate Bylaws to set basic rules around how your business is run.