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Export date: Mon Nov 28 15:16:27 2022 / +0000 GMT

What does “super-majority voting” mean?


Voting rights in your entity are an important element of its governance. Sometimes a minority investor, or group of investors, may want the right to vote (or veto) certain business decisions, even though they don't have the equity to sway a vote. Nevertheless, you may want to give them certain veto rights as part of sweetening their interest. Super-majority voting can create another level of complexity to your Operating Agreement or Shareholder Agreement, but may be worth it if the alternative is unanimous voting 1.
Links:
  1. https://www.readysetincorporate.com/faq-items/shou ld-my-operating-agreement-or-shareholders-agreemen t-with-my-co-owners-provide-for-unanimous-voting-f or-any-operational-issues/
Post date: 2020-02-14 14:31:50
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