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That seems like a distinction without a difference to me. As I read your posts there's no way for a shareholder to voice dissent; you can either agree or abstai
by in_cahoots 11y ago
That seems like a distinction without a difference to me. As I read your posts there's no way for a shareholder to voice dissent; you can either agree or abstain. Maybe this is some legal term I am not understanding, but I don't see how that's unanimous under the layman's definition of the word.
- URSpider94 11y agoIt's not a layman's definition. The word "unanimous" has a different meaning in corporate governance (and generally in Parliamentary procedure). It's also not at all uncommon to be presented with a proposal where the only options are "yes" and "abstain." There is no need for a no option, because you need a majority of yes votes for the measure to pass. Abstaining is the same as voting no.
- Pyxl101 11y agoSo, either a vote passes unanimously or it doesn't pass at all? In all cases (of the scenarios you're describing). That doesn't make a lot of sense to me, even as terminology specific to corporate governance. The word 'unanimous' is completely superfluous in that context, and words are not usually defined in ways where they have superfluous meanings.