Definition
Statutory voting
A rule that is used in most corporations to govern voting procedures. Each share held by a shareholder = (equals) one vote for each position on the board of directors.
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Statutory voting
The standard rule in most corporations that there is one vote per share in elections of the board of directors.
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The opposite procedure is called regular or statutory voting where the shareholder must vote for a different director for each seat available. In block, voting again the shareholder can only award one vote to one candidate per seat available.
stockholders greater influence in shaping the board. They can designate all their votes for a single candidate who represents their interests instead of spreading their votes equally among the candidates, as is the case with statutory voting.
statutory voting A system in which shareholders voting for the board of directors may not give... STD The ISO currency code for the Sao Tome Dobra.
 See also: Director, Holder, Board of directors, Share, Shareholder
  
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