Super Majority


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Super Majority

A proposal requiring more than a simple majority of the votes eligible to be cast at an annual or special meeting. A super majority is often a 2/3 (66.66%) vote, but it can be as high as 3/4 (75%) or 4/5 (80%).

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.
References in periodicals archive ?
The major site plan permit failed to gain the super majority.
Because stopping the Senate from considering its own rules could be considered by the Senate parliamentarian as unconstitutional, the Chair would rule against the super majority requirement allowing the Senate to change its rules on a majority vote.
Vote "no" in November on the Super Majority referendum and keep our community and economy healthy.
This disrupts school operations by requiring yet another election to get the super majority required.
Often a super majority vote is required for dismissal.
THE PAPER, ALLIED-INDUSTRIAL, CHEMICAL & ENERGY WORKERS INTERNATIONAL UNION (PACE), Nashville, Tennessee, USA announced that a super majority of the paper bargaining units within PACE have agreed to adopt a National Paper Bargaining Policy in local union referendums across North America.
This is not a termination of lease pursuant to a resolution of the Board of Directors but a termination of lease pursuant to a vote of the tenant-shareholders by a super majority (a two-thirds vote).
He queried of the Chief Justice on whether requiring a super majority, instead of a simple majority, jury recommendation in death penalty cases would significantly reduce the court's workload.
Mercer's demutualization vote filed in March 1999, however, when the 16,000 or so who voted out of about 40,000 eligible delivered a majority but fell short of the required two-thirds super majority.
If this trio loses, there's a good chance that Trent Lott will gain a Senate super majority that will allow conservatives to shift the legislative debate significantly further to the right.
Senator Gramm (R-TX) has vowed to offer amendments to strengthen the legislation by requiring a super majority vote on mandates, and by creating authority to end existing mandates.
In certain emergency situations, a super majority of legislators might authorize particular taxes without citizen vote.