Statutory voting is a corporate voting procedure where each shareholder is entitled to one per-share vote. Votes must be divided evenly among the candidates or issues being voted on.
AWARDS
A supermajority can be a part of company's decision making process that requires a large majority of shareholders (generally 67% to 90%) to approve important changes e.g. mergers.
Stock swap is the exchange of one equity-based asset for another. It usually occurs because of the of a merger or acquisition.
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