majority voting

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 ?
M2 EQUITYBITES-October 14, 2016-Pernix Therapeutics announces one for ten reverse stock split and majority voting standard
NASDAQ: TST) has approved and adopted an amendment to the company's amended and restated by-laws to implement a majority voting standard for uncontested director elections and related amendments to its corporate governance guidelines, the company said.
O) board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future.
Commenting on proposals of protesters for the introduction of majority voting, Sergey Stanishev, leader of the Bulgarian Socialist Party (BSP) has said that there is not enough time to amend the Election Code, given that President Rosen Plevneliev has already announced a date for the early elections.
In recent years, activist shareholders have pressed companies to adopt a majority voting standard under which directors who do not win a majority of the votes cast are expected to tender their resignation.
IN RECENT PROXY SEASONS, shareholders have successfully campaigned at many public companies to institute majority voting for the election of directors as a replacement for plurality voting.
Majority voting is a postprocessing strategy that can increase the overall classifier accuracy [2,15,17].
In recent months, a growing number of American corporations have adopted majority voting.
But under majority voting, a director wins election only if he or she receives approval among the majority of votes cast, including those cast as "withheld.
Hearns described as unfair the board majority voting against giving the school additional time to provide more information and verify Hearns officials' claims.
If a company elected a majority voting policy, however, a simple majority vote against a director could imperil his or her service--at least in theory.
The convention is discussing in what areas majority voting should apply.