majority

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Majority Stake

The ownership of 50% plus one of the stock in a publicly-traded company. This gives the person or company holding majority stake outright control of the company's operations, especially the election of its board of directors. Some majority stake holders are not involved in the daily operations of the company, but most are. Indeed, the majority shareholder is often the company's founder. See also: Parent company.

majority

The age at which a person is able to enter into legally binding contracts in a particular state.

References in periodicals archive ?
LLP as independent registered public accountants for Sierra Bancorp was ratified by a majority of votes cast.
Of the non routine proposals, a majority of votes cast at the Annual Meeting of Shareholders voted in favor of the 2004 Non-Employee Stock Compensation Plan and the issuance of common stock or securities convertible into or exercisable for common stock.
A proposal that Director nominees be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders (as opposed to a plurality vote) was rejected with only 43 percent of the votes cast being cast in favor of that proposal.
The Plan of Conversion and Reorganization is subject to the approval of: (1) the Office of Thrift Supervision; (2) at least a majority of the total number of votes eligible to be cast by members of Enfield Mutual Holding Company; (3) the holders of at least a majority of the outstanding shares of New England Bancshares common stock; and (4) at least a majority of votes cast by holders of New England Bancshares common stock other than Enfield Mutual Holding Company.
With the majority of votes counted, election officials state the ruling New Azerbaijan Party has won 62 of 125 seats.
Preliminary results indicate that the CWA failed to get the majority of votes required to be certified as the district's collective bargaining agent.
We know that management traditionally gets an overwhelming majority of votes in proxy fights no matter what the issues," Parsons said.
In 2005, sponsors submitted the proposal for "majority vote" (wherein only directors receiving a majority of votes cast win or maintain their board seats) to 79 companies.
The elections were held in line with the electoral legislation and none of parties gained the absolute majority of votes, Akylbek Japarov added.
State Senate Bill 1207 sets as a default policy that uncontested nominees to the board of directors of a California-registered public company must receive a majority of votes from the shareholders represented and voting in order to be elected.
On three separate occasions, the person who got kicked off the island didn't get a majority of votes cast.
If her name remained on the ballot and she received a majority of votes, Riordan, as mayor, would have the authority to appoint a replacement.