| 释义 |
majority rule
The principle by which the majority of company members has the power to control the company through voting at a company meeting (Foss v Harbottle (1843) 2 Harc 461). There are various ways to safeguard the minority (see minority protection). The rule does not apply where the proposed action requires more than a simple majority vote to be authorized; for example, subject to any entrenched provision in the articles, amending the articles of association requires approval by 75% of shareholders who attend a general meeting and who are entitled to vote (see ordinary resolution; special resolution). See also derivative claim; fraud on the minority. |