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 ?
the voting results on shareholder proposals, including the proposed amendment to majority voting,
Consider the previous controller, but with a 3-vote majority voting scheme instead of the 1-vote approach.
Changes Include Majority Voting in Director Elections
But under majority voting, a director wins election only if he or she receives approval among the majority of votes cast, including those cast as "withheld.
Hearns described as unfair the board majority voting against giving the school additional time to provide more information and verify Hearns officials' claims.
If a company elected a majority voting policy, however, a simple majority vote against a director could imperil his or her service--at least in theory.
The convention is discussing in what areas majority voting should apply.
And he tried to soothe UK fears over a planned extension of majority voting in Europe.
Under current rules, the condition for a controlling financial interest is ownership of a majority voting interest--unless control is temporary or does not rest with the owner of the majority voting interest.
CalSTRS, the California State Teachers' Retirement System, reports overwhelming success regarding adopting a majority voting standard in director elections with the 95 companies engaged in the 2012 proxy season.
NYSE: FLO) today announced its Board of Directors voted this week to submit a proposal to shareholders to adopt a majority voting standard for the election of directors in uncontested elections.
Proponents of majority voting also note that majority voting for directors is the standard in many countries outside of the U.