Proportional representation allows companies to elect the majority of directors by proportional voting methods with periodic appointments. Companies may provide in their articles that not less than two-thirds of directors of a public company, or of a private company which is a subsidiary of a public company, shall be appointed according to the principle of proportional representation - by single transferable vote, cumulative voting, or other systems - with appointments made at regular multi year intervals and interim casual vacancies filled mutatis mutandis under the provisions applicable to casual vacancies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proportional representation allows companies to elect the majority of directors by proportional voting methods with periodic appointments.
Companies may provide in their articles that not less than two-thirds of directors of a public company, or of a private company which is a subsidiary of a public company, shall be appointed according to the principle of proportional representation - by single transferable vote, cumulative voting, or other systems - with appointments made at regular multi year intervals and interim casual vacancies filled mutatis mutandis under the provisions applicable to casual vacancies.
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