Majority Voting

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In an election of directors, a majority voting standard requires that each director receive more than 50% of the votes actually cast in order to be considered elected. Depending on the company's policy or governance principles, directors who do not receive a majority of the votes cast may be required to submit their resignation to the board (which may or may not accept such resignation depending upon the facts and circumstances) or may be considered removed from the board immediately. See Plurality Voting.
Created By: Russell Benasaraf 03-18-2014
Last Updated By: Russell Benasaraf 03-18-2014
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