Shareholder Vote

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Shareholder Vote

An election in a corporation in which all shareholders may participate. Shareholder votes are most often associated with electing directors and setting company policies at the annual meeting of shareholders. In order to be able to vote, one must hold voting stock. The right to vote gives the holder of voting stock a great deal of control over the company.
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This past May, CNBC reported that 38 percent of boards of public companies acted contrary to shareholder votes.
Giving shareholders short shrift: research shows that public companies decline to act on a substantial percentage of shareholder votes. Companies often say they know best, but some critics say they should be more accountable
if a tally of shareholder votes shows support for the deal.
BRIEFCASE SHELL TO BUY UP MOTOR OIL GIANT
This year's proxy season started with an enormous bang when more than 45 percent of shareholder votes cast at The Walt Disney Co.
The heat stays on
The recount is crucial to Home Savings, because if the company's proposals receive a majority of shareholder votes, that would force Great Western to consider Ahmanson's hostile bid.
AHMANSON, GW TO ALLOW RECOUNT

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