Voting Rights In Meetings

Summary

Voting rights in members meetings can vary based on the type of resolution. For general matters, votes are proportional to ownership interest. For reserved matter resolutions, each member typically has one vote, regardless of ownership percentage. Understanding these distinctions is crucial for navigating corporate governance. Consult a corporate attorney for specific guidance.

Full Conversation

if a resolution is put to the board that is a reserved matter resolution and the ownership of the company is Person A *%, Person B *%, Person C *%, Person D *%, Person E *%.
It sounds like you are dealing with the voting rights for a reserved matter resolution. In such cases, each member typically has the right to cast one vote, regardless of their ownership percentage.
Here's a summary:
- For general matters: Votes are proportional to ownership.
- For reserved matters: Each member gets one vote.
Is there a specific concern or question you have about this voting process?