Overview

voting


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N.

1 (in a registered company) The process of casting a vote on a motion proposed at a company meeting. Initially the vote is taken upon a show of hands, i.e. each company member present in person has one vote. If the result is disputed, it is usually possible for the chairman or members (present in person or by proxy) to demand a poll, in which votes are cast (in person or by proxy) in accordance with the number and class of shares held. Particulars of these voting rights are usually stated in the articles of association. Members may agree among themselves how they will cast their votes in relation to particular types of resolution (voting agreement).

2 (in a parliamentary or local-government election)See election; franchise.

Subjects: Law — Social Sciences.


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