Super-majority amendment is a defensive tactic requiring that a substantial majority, usually 67% and sometimes as much as 90%, of the voting interest of outstanding capital stock to approve a merger. This amendment makes a hostile takeover much more difficult to perform. In most existing cases, however, the supermajority provisions have a board-out clause that provides the board with the power to determine when and if the supermajority provisions will be in effect. Pure supermajority provisions would seriously limit management's flexibility in takeover negotiations.
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with the power to determine when and if the supermajority provisions will be in effect. Pure supermajority provisions would seriously limit management's...
rights of a minority have a supermajority requirement, such as a two-thirds vote. In consensus democracy the supermajority rule is applied in most cases...
parliamentary election by a two-thirds supermajority. A proposal can be declared by a five-sixths supermajority of Parliament as “urgent,” after this it...
gestational age). A 60% supermajority vote is required for the amendment to be approved. The ballot summary for the amendment states: No law shall prohibit...
Province escalated drastically; it was accomplished in 1956 by a supermajorityamendment to the 1951 Separate Representation of Voters Act, passed by Malan...
An amendment proposal needs only a simple majority of 50%+1 to be passed by the MPR. The previous amendment procedure required a 2/3 supermajority for...
Several proposed amendments to the U.S. Constitution would require a balanced budget. Most of these proposed amendments allow a supermajority to waive the...
The Equal Rights Amendment (ERA) is a proposed amendment to the U.S. Constitution that would, if added, explicitly prohibit sex discrimination. It was...
that makes certain amendments either more difficult or impossible to pass. Overriding an entrenched clause may require a supermajority, a referendum, or...
Florida Amendment 1, whose full title is Rights of Electricity Consumers Regarding Solar Energy Choice, Amendment 1, is a 2016 constitutional amendment on...
important changes, such as a merger. This is sometimes called a "supermajorityamendment". Often a company's charter will simply call for a majority (more...
method, by both houses passing a joint concurrent resolution with a supermajority of at least 75%, has been proposed by House Speaker Feliciano Belmonte...
States Constitution in that: A two-thirds supermajority is required for adoption; Ratification by a supermajority of the respective states is required; There...
were 12 votes short of the 60-vote supermajority (three-fifths) needed to end debate and force a vote on the Amendment itself. Senators John Kerry of Massachusetts...
by means of five amendments, were: 31 August 1965: Expansion of the UN Security Council from 11 to 15 members, with the supermajority required for action...
constitutional law, that is, a two-thirds supermajority vote in the State Duma (the lower house), a three-fourths supermajority vote in the Federation Council (the...
constitutional amendment is a purely political question. A 5⁄6 supermajority can immediately enact an emergency constitutional amendment. In 1973, President...
country's legislature through regular procedure, instead requiring a supermajority or referendum; often it is part of a country's constitution, and therefore...
Amendment 2, the initiative ultimately failed with 57.6% of the vote (this was short of the 60% supermajority required for constitutional amendments in...
power of federal regulations, requiring a supermajority to impose federal taxes and repealing the 16th Amendment, and giving the states the power to abrogate...
The general election held in 2013 saw the PML(N) almost achieve a supermajority. Following this, Nawaz Sharif was elected as Prime Minister, returning...
fundamental rights. Changes to constitutions frequently require consensus or supermajority. The Constitution of India is the longest written constitution of any...
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