Difference between revisions of "Poll"
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During a poll, each member votes once and their vote counts for each interest group they belong to. When a [[Special Resolution]] is called, this creates a voting system where the results is determined on a ‘one interest-group, one-vote’ basis. Each member’s vote counts towards the result of the shareholder groups to which they belong. | During a poll, each member votes once and their vote counts for each interest group they belong to. When a [[Special Resolution]] is called, this creates a voting system where the results is determined on a ‘one interest-group, one-vote’ basis. Each member’s vote counts towards the result of the shareholder groups to which they belong. | ||
| − | For example, a person who is a [[Founder Shareholders|founder shareholder]] would vote once and have their opinion registered only within the [[Founder | + | For example, a person who is a [[Founder Shareholders|founder shareholder]] would vote once and have their opinion registered only within the [[Founder Shareholders]] interest group (unless they subsequently acquired another class of shares). |
A person who joined the organisation as a [[Labour Shareholders|labour shareholder]], and who has acquired [[Investor Shares]], would vote once. Their vote would count towards the result for [[Labour Shareholders] and [[Investor Shareholders]]. | A person who joined the organisation as a [[Labour Shareholders|labour shareholder]], and who has acquired [[Investor Shares]], would vote once. Their vote would count towards the result for [[Labour Shareholders] and [[Investor Shareholders]]. | ||
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| + | '''Worked Example:''' of a ordinary resolution after a poll is called. | ||
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| + | Investor Votes Cast: 30 | ||
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| + | Investor Votes For: 18 (= 18 / 30 * 30% = 18.0%) | ||
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| + | Investor Votes Against: 12 (= 12 / 30 * 30% = 12.0%) | ||
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| + | Investor Share Fraction: 30% | ||
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| + | Labour Votes Cast: 17 | ||
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| + | Labour Votes For: 5 (= 5 / 17 * 35% = 10.3%) | ||
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| + | Labour Votes Against: 12 (= 12 / 17 * 35% = 24.7%) | ||
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| + | Labour Share Fraction: 35% | ||
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| + | Customer Votes Cast: 170 | ||
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| + | Customer Votes For: 40 (= 40 / 170 * 35% = 8.2%) | ||
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| + | Customer Votes Against: 130 (= 130 / 170 * 35% = 26.8%) | ||
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| + | Customer Share Fraction: 35% | ||
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| + | Stewardship Share Fraction: 0% (so Stewardship members vote with their Labour / Investor shares instead) | ||
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| + | Total For = 18% + 10.3% + 8.2% = 36.5% | ||
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| + | Total Against = 12% + 24.7% + 26.8% = 63.5% | ||
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| + | The resolution is defeated. | ||
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Return to the [[FairShares Glossary]]. | Return to the [[FairShares Glossary]]. | ||
Latest revision as of 11:59, 13 January 2017
A Poll is a formal vote at General Meeting requested by at least two members.
During a poll, each member votes once and their vote counts for each interest group they belong to. When a Special Resolution is called, this creates a voting system where the results is determined on a ‘one interest-group, one-vote’ basis. Each member’s vote counts towards the result of the shareholder groups to which they belong.
For example, a person who is a founder shareholder would vote once and have their opinion registered only within the Founder Shareholders interest group (unless they subsequently acquired another class of shares).
A person who joined the organisation as a labour shareholder, and who has acquired Investor Shares, would vote once. Their vote would count towards the result for [[Labour Shareholders] and Investor Shareholders.
Worked Example: of a ordinary resolution after a poll is called.
Investor Votes Cast: 30
Investor Votes For: 18 (= 18 / 30 * 30% = 18.0%)
Investor Votes Against: 12 (= 12 / 30 * 30% = 12.0%)
Investor Share Fraction: 30%
Labour Votes Cast: 17
Labour Votes For: 5 (= 5 / 17 * 35% = 10.3%)
Labour Votes Against: 12 (= 12 / 17 * 35% = 24.7%)
Labour Share Fraction: 35%
Customer Votes Cast: 170
Customer Votes For: 40 (= 40 / 170 * 35% = 8.2%)
Customer Votes Against: 130 (= 130 / 170 * 35% = 26.8%)
Customer Share Fraction: 35%
Stewardship Share Fraction: 0% (so Stewardship members vote with their Labour / Investor shares instead)
Total For = 18% + 10.3% + 8.2% = 36.5%
Total Against = 12% + 24.7% + 26.8% = 63.5%
The resolution is defeated.
Return to the FairShares Glossary.
