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Voting for a Board of Directors


Watson

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At the annual stockholders' meeting, a nominating committee presents a list of nominees -- one person for each position on the board of directors. Nominations are also taken from the floor.  Each shareholder controls a number of votes equal to the number of shares held.  Shareholders not present in person may vote their shares in advance of the meeting by written proxy (of course, they will not be aware of any nominations from the floor).

  • If there are no nominations from the floor, are the original nominees elected by acclamation?
  • Should the nominees be voted on one at a time in the order nominated?
  • Does it make a difference if the original nominees are referred to as a "slate?"

 

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12 hours ago, Watson said:

At the annual stockholders' meeting, a nominating committee presents a list of nominees -- one person for each position on the board of directors. Nominations are also taken from the floor.  Each shareholder controls a number of votes equal to the number of shares held.  Shareholders not present in person may vote their shares in advance of the meeting by written proxy (of course, they will not be aware of any nominations from the floor).

  • If there are no nominations from the floor, are the original nominees elected by acclamation?
  • Should the nominees be voted on one at a time in the order nominated?
  • Does it make a difference if the original nominees are referred to as a "slate?"

 

This corporation should prescribe in its bylaws the procedure best suited to its purposes and needs. But, in response to your questions:

1. Yes, unless applicable law or the bylaws require that a vote be taken, or the assembly orders that a vote be taken. I suppose signed ballots would be the most likely choice if a vote is to be taken.

2. Yes, if a voice vote is taken.

3. By whom? Makes no difference as far as I'm concerned.  :)

 

Edited by Daniel H. Honemann
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