Examples of Majority Voting Power in a sentence
For purposes of this Section 4.6, “controlled” or “controls” means, with respect to any Person, possessing the Majority Voting Power (with 50% being substituted for the reference to 39% in the definition thereof for the purposes of this Section 4.6) with respect to such Person.
Proposal Three: Approval of an Amendment to the Company’s Amended and Restated Code of Regulations to Replace the Existing Majority Voting Power Quorum Requirement Proposal Summary and Board RecommendationAs discussed in Proposal Two, we have pursued a strategy of realizing value in our portfolio through operations and sales of our properties.
Regulating Majority Voting Power When shareholders exercise their voting rights in the GM, the basic rule is there is no general duty of good faith owed by shareholders to each other.38 The voting right is considered a proprietary right and can be exercised for a shareholder’s own interest, regardless whether that interest is against the company’s or the other shareholders’ interest.39In practice, controlling shareholders’ voting power does subject to certain limitations in common law.
He said that BHPD’s policies on the use of force already comply with recommendations put forward bythe International Association of Chiefs of Police in response to the George Floyd incident and that he holds his officers to the highest standards in their interactions with the public.