Poll
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.
