One Share, One Vote
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One share, one vote is a standard found in
corporate law Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corpora ...
and
corporate governance Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may ...
, which suggests that each person who invests money in a company has one vote per share of the company they own, equally with other shareholders. Often, shares with one vote each are referred to as
common stock Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other C ...
. Most systems of corporate law discourage shares without votes unless they have preferential dividends or liquidation rights, and shares with multiple voting rights are discouraged altogether so as to prevent the concentration of
corporate power In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview In the developed world, corporations dominate the marketplace, compri ...
.


Countries with this system

*
The United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
*
Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...
* The Commonwealth of Australia * The Federal Republic of Nigeria *
New Zealand New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...
*
The People's Republic of China ''The'' is a grammatical Article (grammar), article in English language, English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the ...
*
Jamaica Jamaica is an island country in the Caribbean Sea and the West Indies. At , it is the third-largest island—after Cuba and Hispaniola—of the Greater Antilles and the Caribbean. Jamaica lies about south of Cuba, west of Hispaniola (the is ...
*
Ghana Ghana, officially the Republic of Ghana, is a country in West Africa. It is situated along the Gulf of Guinea and the Atlantic Ocean to the south, and shares borders with Côte d’Ivoire to the west, Burkina Faso to the north, and Togo to t ...
*
United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...


History

Historically, more corporations followed the rule of
one person, one vote "One man, one vote" or "one vote, one value" is a slogan used to advocate for the principle of equal representation in voting. This slogan is used by advocates of democracy and political equality, especially with regard to electoral reforms like ...
, so that the
corporate power In social science and economics, corporate capitalism is a capitalist marketplace characterized by the dominance of hierarchical and bureaucratic corporations. Overview In the developed world, corporations dominate the marketplace, compri ...
of wealthy investors was capped. This practice declined over the late 19th century. During the 1920s and 1930s, the practice of multiple voting shares, and voteless shares, without any preferential rights became widespread, resulting in the disenfranchisement of many ordinary investors. This was halted by stock exchange regulation and corporate law amendments in most countries.


See also

* Differential voting right shares *
UK company law British company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directive (European Union), Directives and court cases, the company is th ...
*
US corporate law United States corporate law regulates the governance, finance and power of corporations in US law. Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governa ...
*
One member, one vote "One man, one vote" or "one vote, one value" is a slogan used to advocate for the principle of equal representation in voting. This slogan is used by advocates of democracy and political equality, especially with regard to electoral reforms like ...
and
One person, one vote "One man, one vote" or "one vote, one value" is a slogan used to advocate for the principle of equal representation in voting. This slogan is used by advocates of democracy and political equality, especially with regard to electoral reforms like ...
, in political parties


References

{{reflist Corporate law