voting cap

English

Pronunciation
  • Rhymes: -æp

Noun

voting cap (plural voting caps)

  1. A limit on the percentage of the total vote that voters of a particular classification can make.
    • 2003, The Economics of the Proposed European Takeover Directive, →ISBN, page 12:
      When a company is in 'imminent danger', voting cap restrictions could be used.
    • 2015, Volker Mauerhofer, Legal Aspects of Sustainable Development, →ISBN:
      Even though, the voting cap differs from the principle of democratic participation embodied in the 'one man, one vote' rule, it introduces a hybrid decision-making model which allows members/shareholders to achieve balance and democracy in the decision-making processes of the general assembly.
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