majority voting

Majority voting

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

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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.