Do Corporate Directors’ Voting Rights Depend on the Number of Shares They Own?
This post is based on a question that I answered recently both for a client and on Quora. Q. Do corporate directors’ voting rights depend on the number of shares they own?
A. No. Board members typically have equal voting rights. However, some states allow directors to have unequal voting rights. See, e.g., Delaware General Corporation Law Section 141(d).
Dana H. Shultz, Attorney at Law +1 510 547-0545 dana [at] danashultz [dot] com
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