Clause limiting the voting power of shareholders. It increases the voting power of minority shareholders and prevents a majority shareholder from controlling the company’s operations.
This limitation can take several numerical forms which can be combined:
- Limitation to a certain number of votes or a certain percentage of votes ;
- Limitation to a certain number of votes attached to shares issued by the company and giving voting rights ;
- Ceiling taking into account the proportion of the capital represented by the shares.
