Common-Law Voting

Common-law Voting - Common-law Voting is an obsolete and rarely used voting system that allows each shareholder a single vote, regardless of how many shares they hold. This system is being phased out as shareholders who hold more share or ownership and responsibility for debts believe, rightly so, that they should have a greater say as to what happens with the company and how it is managed. Therefore, today few companies use this system, except for companies where their bylaws specify that they must. Most analysts feel that the process doesn't really present any difficult problems, but most shareholder feel otherwise.