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
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

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