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of <h1>Equity vs preference shareholder voting rights: when preference holders can vote on all resolutions after unpaid dividends</h1> Equity shareholders in a company limited by shares are entitled to vote on every resolution placed before the company, and on a poll their voting power is proportionate to their paid-up equity share capital, subject to specified provisions. Preference shareholders may vote only on resolutions that directly affect the rights attached to their preference shares and on resolutions for winding up or for repayment or reduction of equity or preference share capital, with poll voting power proportionate to their paid-up preference share capital and the equity-to-preference voting proportion aligned to the respective paid-up capital. If dividends on a class of preference shares remain unpaid for two years or more, that class gains the right to vote on all resolutions.
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