Super Majority


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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 ?
"I want to get your permission and your desire na itong binubuo nating (what we are forming as) Diehard Duterte Super Majority (DDSM) will have the same political will ni (of) President Duterte na maglinis (to cleanse)," Cayetano told Lower House colleagues during a recent caucus.
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.
The Liberal Democratic Party of Japanese Prime Minister Shinzo Abe has been overwhelmingly returned to lead the nation and has maintained its so-called "super majority" of winning more than two-thirds of the seats in the parliament.
Media forecasts show Abe's gamble on the snap poll is likely to pay off, with his conservative Liberal Democratic Party-led coalition closing in on the two-thirds "super majority" it had in parliament's lower house before dissolution.
After a series of 13 information sessions, owners of Farmway approved the merger with CVA by "a super majority of 91 percent," according to announcement from the co-op.
The company said that, while majority of the outstanding shares have voted FOR all six of the proposals, a super majority (66 2/3%) is required for three of the proposals and the votes to date in favour of these three proposals do not constitute a super majority.
Final counts showed Abe's coalition, like-minded parties and independents had won the two-thirds "super majority" needed to try to revise the constitution's restraints on the military, a step that could strain ties with China, where memories of Japan's past militarism run deep.
In the lower house, Abe's ruling coalition enjoys a two-thirds "super majority".
The proposal for the revisions would be brought to a vote in June, but currently the AKP lacks a "super majority" required to call a referendum on changing the whole constitution.
The opposition dubbed the ruling a "judicial coup" meant to strip it of its super majority and swore in the three barred opposition lawmakers last week, one of a number of tussles between the newly convened congress and the court.
The result strengthened the opposition's hand against President Nicolas Maduro though it was short of the super majority the MUD had hoped for.
"And as a matter of fact, regarding the voting in the parliament, this legislation had a super majority - 51 out of 52 voted for this law," Al-Ghanim added.