majority voting

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 ?
This proposal can circumvent section 12 constitutional amendment and pull through the parliament with simple majority voting procedure, which will pass through with ease.
Most social policy areas, where the EU has powers to act, are already subject to qualified majority voting. This has allowed putting in place a comprehensive social "acquis" over the years, with significant further steps under this Commission.
M2 EQUITYBITES-October 14, 2016-Pernix Therapeutics announces one for ten reverse stock split and majority voting standard
(NASDAQ: TST) has approved and adopted an amendment to the company's amended and restated by-laws to implement a majority voting standard for uncontested director elections and related amendments to its corporate governance guidelines, the company said.
Facebook Inc's (FB.O) board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future.
announced that the Ciber Board of Directors has amended its bylaws to adopt a majority voting standard for the election of directors in uncontested director elections.
The board has amended the by-laws to require a majority voting standard in the election of directors.
Plevneliev proposed to ask voters whether they support the idea to elect part of MPs through a majority voting system a a change from the current system of proportional representation.
Nations working on a deal to fight climate change should cap the size of delegations and use majority voting to overhaul negotiating rules that stifle progress and harm the interests of the poorest nations.
In recent years, activist shareholders have pressed companies to adopt a majority voting standard under which directors who do not win a majority of the votes cast are expected to tender their resignation.
Despite the extension of weighted qualified majority voting, most Council of Ministers decisions continue to be taken by unanimity, according to data released by VoteWatch.eu, on 9 July.
IN RECENT PROXY SEASONS, shareholders have successfully campaigned at many public companies to institute majority voting for the election of directors as a replacement for plurality voting.