Super Majority


Also found in: Dictionary.

Super Majority

A proposal requiring more than a simple majority of the votes eligible to be cast at an annual or special meeting. A super majority is often a 2/3 (66.66%) vote, but it can be as high as 3/4 (75%) or 4/5 (80%).

Supermajority

A percentage of shareholders, usually 67% to 90%. A supermajority is often required for a company to take certain actions, such as amending the charter. Some companies require supermajorities as anti-takeover measures. For example, a company may require two-thirds of shareholders to approve of a merger or acquisition. Supermajority provisions exist primarily to ensure the company's independent survival, but they may limit the board of directors' authority in even a friendly takeover.
References in periodicals archive ?
Alvarez, secretary-general of the ruling PDP-Laban, had downplayed the ouster plot speculations saying, 'I still have the support of the members of the super majority coalition in the House.
Abe says the law is a relic of the past and having a super majority will help him reform the pacifist constitution and allow Japan's armed forces to play a more active role.
As it is, despite winning the super majority, Abe's own personal standing remains low, and he has still to shake off the effects of a cronyism scandal that has ensnared two of his close associates.
To date more than 60% of the outstanding shares have voted in favor of each of the three proposals that require super majority vote.
Erdogan had hoped the AKP would win a super majority to enable him to push through a constitutional reform that would have given him reinforced powers as president.
Site plan approval required a super majority of the five-member board, or four votes.
He was also head of the organisation committee in the National Democratic Party and is believed to be the architect of the 2010 parliamentary elections that gave the party a 99% super majority.
The proposed change to “American Secular Party” narrowly missed the necessary super majority of 75% by a little over 5%.
Constitutional Requirements for a Super Majority Vote
Ira district seeks a budget for next year that is more than 2 percent higher than the current year's budget, the district will need a super majority vote, or 60 percent or more of voters, to pass it.
While the Legislature previously has been able to pass legislation by a 50 percent majority, this requirement for a super majority would have been enshrined by the amendment in the constitution, taking flexibility away from the Legislature unless it can muster a 60 percent vote.
The same super majority would be required to then override Quinn's all-but-guaranteed veto.