Plurality of votes v. Majority of Votes For Corporations

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blong4133
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Joined: Mon Sep 14, 2009 12:35 pm

Plurality of votes v. Majority of Votes For Corporations

Postby blong4133 » Wed May 02, 2012 5:03 pm

Having a little trouble wrapping my head around the distinction. I have that in a shareholders meeting, a motion is approved if it has a majority of the votes. But in the election of directors, only a plurality of votes is needed.

I guess I keep thinking about this in terms of two possible selections, in which case, the most votes would always constitute a majority.

But lets say that you have 3 options (A, B, and C) and 100 votes. Lets say that A receives 40 votes, B receives 30, and C receives 30.

So A would win if a plurality of votes is required, but would lose if a majority is required (Since B and C have 60 votes between the two).

Sorry if this is a stupid question. My brain is fried at this point and I absolutely hated Corporations.



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