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Super Majority |
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Super MajorityA 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%).Super Majority Similar MatchesMajority shareholderMajority shareholderA shareholder who is part of a group that controls more than half the outstanding shares of a corporation. Supermajority amendmentSupermajority amendmentOften used in risk arbitrage. Corporate amendment requiring that a substantial majority (usually 67% to 90%) of stockholders approve important transactions, such as mergers. Majority votingMajority votingVoting system under which corporate shareholders vote for each director separately. Related: Cumulative voting. |
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