voting cap
noun1
A limit on the percentage of the total vote that voters of a particular classification can make.
- When a company is in 'imminent danger', voting cap restrictions could be used.2003, The Economics of the Proposed European Takeover Directive, →ISBN, page 12:
- 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.2015, Volker Mauerhofer, Legal Aspects of Sustainable Development, →ISBN: