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.

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Return to the FairShares Glossary.