“Common-law voting” refers to a voting system where decisions are made based on precedents set by previous decisions rather than explicit rules or statutes. In this system, judges or decision-makers rely on established principles and past judgements to guide their rulings on similar cases. Common-law voting allows for flexibility and adaptability in legal interpretations, as decisions evolve over time through the accumulation of case law. It is a hallmark of common-law legal systems, like those of the United States and the United Kingdom.
A rarely used voting system in which each shareholder gets a single vote, regardless of number of shares held.
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This glossary post was last updated: 29th March, 2024.
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