Supermajority

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Related to Qualified majority: Qualified majority voting

Supermajority

Provision in a company's charter requiring a majority of, say, 80% of shareholders to approve certain changes, such as a merger.

Supermajority

A percentage of shareholders, usually 67% to 90%. A supermajority is often required for a company to take certain actions, such as amending the charter. Some companies require supermajorities as anti-takeover measures. For example, a company may require two-thirds of shareholders to approve of a merger or acquisition. Supermajority provisions exist primarily to ensure the company's independent survival, but they may limit the board of directors' authority in even a friendly takeover.

supermajority

A specified number of votes greater than a 51 percent simple majority. Some condo association bylaws,corporation bylaws,or neighborhood association rules require a supermajority for certain actions, such as making special assessments or amending the bylaws. The rules for the organization will specify the size of the supermajority, which can be anything from 67 to 95 percent.

References in periodicals archive ?
ECPA would like to highlight that the proposal to ban neonicotinoids did not receive a qualified majority at the Standing Committee.
And because of QMV - qualified majority voting - our European partners will still be able to push through decisions affecting the City, just without our influence.
com: "The Commission can now adopt its own proposals unless there is a qualified majority of member state experts against it.
Prominent changes included more qualified majority voting in the Council of Ministers, increased involvement of the European Parliament in the legislative process through extended codecision with the Council of Ministers, the elimination of the pillar system and the creation of a long-term President of the European Council and a High Representative of the Union for Foreign Affairs and Security Policy to present a united position on EU policies.
The election will be decided by qualified majority, with the winning candidate needing at least 255 out of 345 votes available.
The Lisbon treaty paves the way for more qualified majority voting in the council of ministers, increased involvement of the European parliament in the legislative process and the creation of a president of the European Council with a term of two and half years.
The Resolution to liquidate a legal person shall be passed by a qualified majority vote of members of a legal person.
The Commission's proposal is being provided to the EU member states and the final visa liberalization decision is taken by the Council of Ministers with qualified majority, that is to say with support from two-thirds of the Union's member states based on a previously supplied assessment from the European Parliament, too.
He said the legislation would be examined "in the fullest detail" by MPs and pledged, "There is a provision in the Bill that any proposal to activate the mechanisms in the treaty which provide for further moves to qualified majority voting, but which require unanimity, will have to be subject to a prior vote by the House.
He said the legislation would be examined "in the fullest detail" by MPs and pledged: "There is a provision in the Bill that any proposal to activate the mechanisms in the treaty which provide for further moves to qualified majority voting, but which require unanimity, will have to be subject to a prior vote by the House.
Once the technical committee has agreed a draft, it will be presented to the main CEN, which could adopt it by qualified majority voting.

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