Low-total voting is a voting method in which individuals rank their choices from first to last, with the candidate receiving the lowest total winning. For instance, a candidate ranked as the first choice receives one point, the second choice receives two points, and so on. This system ensures that the most preferred candidate emerges victorious, similar to a game where the individual with the lowest score wins.
Low-total voting is a preferential voting system that assigns weight to each vote, with the candidate having the lowest total emerging as the winner. Voters rank the candidates in order of preference, and their votes are tallied accordingly. For instance, in a school election with John, Sarah, and Mike as candidates, 40 voters rank John first, 35 rank Sarah first, and 25 rank Mike first. In the first round, Mike has the highest total and is eliminated. In the second round, the votes for Mike are redistributed based on the second choice of each voter, with John and Sarah gaining 10 and 15 points, respectively. In the final count, John and Sarah have equal points, but John wins as he has the lowest total. This system promotes ranking of choices in order of preference, leading to a more representative outcome where the most-preferred candidate emerges as the winner.
Low-total voting is a system used in corporate governance where shareholders are allowed to cast fewer votes than the total number of shares they own.
Under low-total voting, shareholders are given a limited number of votes per share they own, rather than one vote per share. For example, a company may implement a system where shareholders receive one vote for every ten shares they own.
Companies may use low-total voting to concentrate voting power in the hands of a select group of shareholders, such as founders or major investors. This allows them to maintain control over important decisions even if they own a minority of the total shares.
Yes, low-total voting is generally legal, as long as it is disclosed in the company’s bylaws or articles of incorporation and complies with applicable corporate laws and regulations.
In some cases, low-total voting arrangements may be challenged in court if they are deemed to be unfair or oppressive to minority shareholders. However, the outcome of such challenges can vary depending on the specific circumstances and jurisdiction.
While low-total voting is generally allowed, some jurisdictions may impose certain limitations or restrictions on its use. It is important to consult local corporate laws and regulations to ensure compliance.
In most cases, low-total voting arrangements can be changed or revoked through a vote of the shareholders. However, this may require a certain threshold of votes or other specific procedures outlined in the company’s bylaws.
Low-total voting can provide certain advantages to shareholders who hold a significant number of shares, as it allows them to exert greater control over the company’s decision-making process.
Low-total voting can disadvantage minority shareholders, as it reduces their voting power relative to their share ownership. This can limit their ability to influence important corporate decisions.
Shareholders can protect their interests in low-total voting arrangements by carefully reviewing the company’s bylaws and articles of incorporation before investing. They can also consider joining forces with other shareholders to collectively influence decision-making or explore legal remedies if they believe their rights are being unfairly compromised.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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