Director

Hi,

I am in the process of entering into a partnership for a business model. Forgive my ignorance with company laws as I would be asking couple of question from a layman's point of view.

There are going to be 3 directors in the company and the proposed shareholding is going to be 70:20:10.

My question relates to the decision making authority among the directors.

Is the decision making authority proportional to the shareholding pattern. Can the person with the 70% shareholding  take decision without concurring with the remaining directors?
 

Thanks.