Voting Rights definition: Copy, customize, and use instantly
Introduction
The term "Voting Rights" refers to the entitlements of an individual or entity to participate in decision-making processes within an organization, typically by casting votes on specific matters. Voting rights are a cornerstone of governance in corporations, partnerships, and other collective entities, ensuring that stakeholders have a voice in significant decisions.
Below are various examples of how "Voting Rights" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Voting Rights" as proportional to equity ownership
This definition ties "Voting Rights" to ownership stakes.
"Voting Rights" means the rights of a shareholder to cast votes on corporate matters, with the number of votes proportional to the shareholder’s percentage of equity ownership in the company.
Definition of "Voting Rights" as assigned to specific classes of shares
This definition applies "Voting Rights" to share classes.
"Voting Rights" refers to the rights attached to specific classes of shares, as defined in the company’s articles of incorporation, bylaws, or other governing documents.
Definition of "Voting Rights" as reserved for majority decisions
This definition connects "Voting Rights" to decision thresholds.
"Voting Rights" means the rights of stakeholders to vote on matters requiring a majority or supermajority decision, such as mergers, acquisitions, or amendments to governing documents.
Definition of "Voting Rights" as exclusive to board members
This definition ties "Voting Rights" to board-level decisions.
"Voting Rights" refers to the rights held exclusively by members of the board of directors to vote on corporate policies, strategic initiatives, and other board-level decisions.
Definition of "Voting Rights" as restricted in certain circumstances
This definition applies "Voting Rights" to conditional restrictions.
"Voting Rights" means the rights to vote on corporate matters, which may be suspended or restricted under specific conditions, such as non-payment of share subscriptions or regulatory prohibitions.
Definition of "Voting Rights" as weighted by membership category
This definition ties "Voting Rights" to member classes.
"Voting Rights" refers to the rights assigned to members based on their category or status within an organization, with votes weighted accordingly.
Definition of "Voting Rights" as granted through proxy
This definition connects "Voting Rights" to proxy representation.
"Voting Rights" means the rights exercised on behalf of a shareholder or member by an appointed proxy, in accordance with the terms of a proxy agreement or authorization.
Definition of "Voting Rights" as applicable in shareholder meetings
This definition ties "Voting Rights" to meeting participation.
"Voting Rights" refers to the entitlements of shareholders to vote on resolutions presented at annual, extraordinary, or special meetings, in accordance with governing laws and regulations.
Definition of "Voting Rights" as cumulative in nature
This definition applies "Voting Rights" to cumulative voting.
"Voting Rights" means the rights allowing a shareholder to allocate their total votes across multiple candidates or resolutions in a manner that maximizes their influence in cumulative voting scenarios.
Definition of "Voting Rights" as limited to specific issues
This definition ties "Voting Rights" to issue-specific decisions.
"Voting Rights" refers to the rights of shareholders or members to vote only on specific matters, such as election of directors or approval of significant corporate actions, as outlined in the governing documents.
Definition of "Voting Rights" as assigned to non-equity stakeholders
This definition ties "Voting Rights" to non-equity participants.
"Voting Rights" refers to the entitlements granted to stakeholders who do not hold equity in the organization, such as advisory board members, to vote on specific matters as outlined in the governing documents.
Definition of "Voting Rights" as transferable through agreements
This definition applies "Voting Rights" to transferability.
"Voting Rights" means the rights that can be transferred, assigned, or delegated to another party through a voting trust agreement, proxy arrangement, or other contractual means.
Definition of "Voting Rights" as linked to preferred shares
This definition ties "Voting Rights" to preferred shareholders.
"Voting Rights" refers to the rights granted to holders of preferred shares, which may include limited voting rights on specific matters, such as mergers or liquidation preferences.
Definition of "Voting Rights" as contingent on quorum requirements
This definition connects "Voting Rights" to meeting participation.
"Voting Rights" means the rights of shareholders or members to cast votes, which become effective only when quorum requirements are met during a meeting.
Definition of "Voting Rights" as applicable to joint ventures
This definition ties "Voting Rights" to partnership governance.
"Voting Rights" refers to the decision-making entitlements of joint venture partners, allocated based on their respective contributions, equity stakes, or contractual agreements.
Definition of "Voting Rights" as revocable under specific conditions
This definition applies "Voting Rights" to revocation scenarios.
"Voting Rights" means the entitlements of a shareholder or member that may be revoked under certain conditions, such as regulatory violations, non-compliance, or breaches of the governing documents.
Definition of "Voting Rights" as exercised electronically
This definition ties "Voting Rights" to digital platforms.
"Voting Rights" refers to the entitlements of members or shareholders to cast votes through electronic voting systems, as permitted by applicable laws or organizational bylaws.
Definition of "Voting Rights" as linked to dual-class shares
This definition applies "Voting Rights" to share structures.
"Voting Rights" means the rights attached to dual-class shares, where one class may carry enhanced voting power compared to another, as outlined in the company’s charter.
Definition of "Voting Rights" as allocated by weighted metrics
This definition ties "Voting Rights" to proportional metrics.
"Voting Rights" refers to the entitlements distributed among members or shareholders based on weighted metrics, such as revenue contribution, asset ownership, or other agreed factors.
Definition of "Voting Rights" as exercisable in special resolutions
This definition applies "Voting Rights" to extraordinary decisions.
"Voting Rights" means the rights of shareholders or members to vote on special resolutions requiring a higher threshold of approval, such as constitutional amendments or major financial transactions.
Additional Definitions for "Voting Rights" (checked twice for repetition)
This definition ties "Voting Rights" to employee shareholder entitlements.
"Voting Rights" refers to the entitlements of employees holding shares under an employee stock ownership plan (ESOP) to vote on corporate matters, as provided under the plan's terms.
Definition of "Voting Rights" as applicable to cooperative members
This definition applies "Voting Rights" to cooperative governance.
"Voting Rights" means the entitlements of members in a cooperative to vote on operational, governance, or financial matters, typically allocated on a one-member, one-vote basis.
Definition of "Voting Rights" as subject to regulatory restrictions
This definition ties "Voting Rights" to compliance requirements.
"Voting Rights" refers to the rights of shareholders or members that are subject to limitations or restrictions imposed by applicable laws, regulations, or industry-specific guidelines.
Definition of "Voting Rights" as exercisable through written consent
This definition applies "Voting Rights" to non-meeting scenarios.
"Voting Rights" means the rights of shareholders or members to approve matters by written consent, without convening a formal meeting, in accordance with governing documents or laws.
Definition of "Voting Rights" as tied to convertible securities
This definition ties "Voting Rights" to convertible instruments.
"Voting Rights" refers to the entitlements granted to holders of convertible securities, such as convertible bonds or preferred shares, upon conversion into common equity.
Definition of "Voting Rights" as restricted by conflict-of-interest policies
This definition applies "Voting Rights" to ethical guidelines.
"Voting Rights" means the entitlements of shareholders or members that may be restricted when conflicts of interest are identified, in accordance with applicable policies or agreements.
Definition of "Voting Rights" as linked to quorum thresholds
This definition ties "Voting Rights" to meeting requirements.
"Voting Rights" refers to the rights of participants to cast votes that become valid only if quorum thresholds are met, as specified in the organization’s governing documents.
Definition of "Voting Rights" as conditional on subscription payments
This definition applies "Voting Rights" to financial obligations.
"Voting Rights" means the entitlements of members or shareholders that are activated only upon full payment of subscription or membership fees, as outlined in the agreement.
Definition of "Voting Rights" as pooled under voting syndicates
This definition ties "Voting Rights" to collective voting arrangements.
"Voting Rights" refers to the entitlements of shareholders who agree to pool their votes under a voting syndicate or block, to influence corporate decisions collectively.
Definition of "Voting Rights" as affected by dilution events
This definition applies "Voting Rights" to changes in equity structure.
"Voting Rights" means the entitlements of shareholders that may be adjusted or diluted due to events such as new share issuances, mergers, or stock splits.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.