Glossary entry (derived from question below)
English term or phrase:
super-majority
English answer:
See explanation
Added to glossary by
Yongmei Liu
Sep 6, 2003 01:52
21 yrs ago
8 viewers *
English term
super-majority
English
Bus/Financial
Management
... it permits a super-majority of the Board to amend the City's ethics laws ...
My dictionary says "over 50%," which is basically a simple majority. In another place in this doc., it is said that a two-thirds vote is required.
Did the author misuse the word?
Thanks.
My dictionary says "over 50%," which is basically a simple majority. In another place in this doc., it is said that a two-thirds vote is required.
Did the author misuse the word?
Thanks.
Responses
4 +9 | See explanation | Kim Metzger |
4 | comment | Mario Marcolin |
Responses
+9
16 mins
Selected
See explanation
Apparently there's no fixed rule on how super majority is defined.
Super Majority - A proposal requiring more than a simple majority of the votes eligible to be cast at an annual or special meeting. A super majority is often a 2/3 (66.66%) vote, but it can be as high as 3/4 (75%) or 4/5 (80%).
http://www.mellon-investor.com/corporations/shareguide_gloss...
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Note added at 31 mins (2003-09-06 02:24:11 GMT)
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I believe each company would define super majority in their articles of association or bye-laws.
Super Majority - A proposal requiring more than a simple majority of the votes eligible to be cast at an annual or special meeting. A super majority is often a 2/3 (66.66%) vote, but it can be as high as 3/4 (75%) or 4/5 (80%).
http://www.mellon-investor.com/corporations/shareguide_gloss...
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Note added at 31 mins (2003-09-06 02:24:11 GMT)
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I believe each company would define super majority in their articles of association or bye-laws.
Peer comment(s):
agree |
Roddy Stegemann
: Very nice.
29 mins
|
agree |
Daniel Mencher
1 hr
|
agree |
Zein Isa
1 hr
|
agree |
Fuad Yahya
1 hr
|
agree |
Catherine Christaki
5 hrs
|
agree |
airmailrpl
: -
5 hrs
|
agree |
Empty Whiskey Glass
5 hrs
|
agree |
Mario Marcolin
: what is otherwise known as qualified majority (EU Nice Treaty=> 62 votes out of 87 (71%))
10 hrs
|
agree |
AhmedAMS
7 days
|
4 KudoZ points awarded for this answer.
Comment: "Thanks also go to Mario for the further elucidation."
11 hrs
comment
relative/simple majority (a.k.a plurality)
less than half of the total votes cast but more than the minimum required to win, as when there are more than two candidates or choices
absolute majority
=a number of votes constituting more than half of the number cast.
qualified majority (super-majority)
absolute majority qualified by some specified fraction or percentage
e.g. 3/4
Discussion
Just a thought.
Time to chuck it?
And thanks, Mr. M, you always come through.