Majority Voting Law and Legal Definition
Majority voting is a system for electing corporate directors in which each shareholder is allowed to cast one vote for each director, who can win with a simple majority. For example, a holder of 100 shares will possess a right to cast 100 votes for each position for which an election is held. Any stockholder or group holding 51% of the shares voting will be able to control every position up for election. Majority voting is also known as statutory voting.
