majority voting

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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 ?
Based on preliminary results, management proposals to amend the company's governing documents to replace existing supermajority voting requirements with a simple majority voting power threshold under certain circumstances and to amend the company's Amended Code of Regulations to permit proxy access, as well as non-binding shareholder proposals related to lobbying and climate change, each failed to receive the requisite vote.
So I think it is a total scandal that the referendums to be held to decide on membership of the new constitution should be determined by simple majority voting, in that the issue would be the termination of the body politic of one's own country.
He said: "The Premiership is run with simple majority voting so we are confused why they are prepared to accept it there but not here.
The way the Premiership is run is simple majority voting, in terms of getting resolutions passed.
The trustees considered whether the expanded GASB should use a super-majority vote to approve projects and standards or should retain its present policy of simple majority voting.
John Paul II has introduced simple majority voting into the conclave.
Shareholders Re-Elect Four Directors, Reappoint Audit Firm and Support Proposal on Simple Majority Voting at Company's Annual Meeting
They argue a simple majority voting in favour of home rule in the referendum is not good enough to win an assembly.
TCF Financial Corporation ("TCF") (NYSE:TCB) announced today, following its annual meeting, that TCF stockholders elected thirteen directors, approved a stockholder proposal to require simple majority voting on matters currently requiring more than a simple majority vote, and voted in favor of the appointment of KPMG LLP as independent registered public accountants for the fiscal year ending December 31, 2010.
The proposed amendments to Articles Fifth and Tenth would provide for a simple majority voting requirement to replace the 80% supermajority voting requirement relating to amendment of the by-laws by the Company's shareholders (other than an amendment to the provision of the by-laws concerning number, qualifications, election and term of office for CIGNA's Board of Directors) and certain business combinations.
The proposals by UNITE HERE--adopt simple majority voting by shareholders instead of requiring a supermajority, require annual election of directors, and let shareholders vote on the company's "poison pill" anti-takeover device--"are consistent with the proxy voting guidelines of major institutional shareholders and corporate governance organizations like the Council of Institutional Investors," said Bohner.
Also approved was a shareholder proposal to implement simple majority voting.

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