majority voting

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Majority voting

Voting system under which corporate shareholders vote for each director separately. Related: Cumulative voting.

majority voting

A type of voting right in which stockholders are granted one vote for each director's position for each share held. Thus, the holder of 100 shares would have the right to cast 100 votes for each position for which an election is held. Under this system, any stockholder or group holding 51% of the shares voting is able to control every position up for election. Also called statutory voting. Compare cumulative voting.
References in periodicals archive ?
WASHINGTON, March 31, 2011 /PRNewswire-USNewswire/ -- Teamsters General President Jim Hoffa today urged the House of Representatives to keep the current simple majority voting process for all workers in the rail and airline industries who want to exercise their right to form unions.
So I think it is a total scandal that the referendums to be held to decide on membership of the new constitution should be determined by simple majority voting, in that the issue would be the termination of the body politic of one's own country.
He said: "The Premiership is run with simple majority voting so we are confused why they are prepared to accept it there but not here.
The way the Premiership is run is simple majority voting, in terms of getting resolutions passed.
The trustees considered whether the expanded GASB should use a super-majority vote to approve projects and standards or should retain its present policy of simple majority voting.
John Paul II has introduced simple majority voting into the conclave.
Shareholders Re-Elect Four Directors, Reappoint Audit Firm and Support Proposal on Simple Majority Voting at Company's Annual Meeting
Stockholders approved the proposed amendment to the company's Restated Certificate of Incorporation, as amended, to reduce the sixty-six and two-thirds percent (66-2/3%) voting requirement in the company's Restated Certificate of Incorporation, as amended, to a simple majority voting requirement for approval of certain business combinations.
They argue a simple majority voting in favour of home rule in the referendum is not good enough to win an assembly.
TCF Financial Corporation ("TCF") (NYSE:TCB) announced today, following its annual meeting, that TCF stockholders elected thirteen directors, approved a stockholder proposal to require simple majority voting on matters currently requiring more than a simple majority vote, and voted in favor of the appointment of KPMG LLP as independent registered public accountants for the fiscal year ending December 31, 2010.
If we had a normal simple majority voting system, this issue would have been a landslide victory.
The proposed amendments to Articles Fifth and Tenth would provide for a simple majority voting requirement to replace the 80% supermajority voting requirement relating to amendment of the by-laws by the Company's shareholders (other than an amendment to the provision of the by-laws concerning number, qualifications, election and term of office for CIGNA's Board of Directors) and certain business combinations.

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