majority voting(redirected from Simple majority voting)
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Voting system under which corporate shareholders vote for each director separately. Related: Cumulative voting.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.