What is the procedure for voting on resolutions at a shareholders' meeting?

At a shareholders’ meeting in South Carolina, shareholders vote on resolutions to approve or reject certain proposals. Before the meeting, the company must provide written notice of the proposed resolution to shareholders. Generally, the company must also provide a copy of the resolution for shareholders to review. When the meeting begins, each shareholder may have the opportunity to speak about the resolution or ask questions. After all discussion and questions have been addressed, the shareholders will vote on the resolution. Typically, the shareholders vote verbally, or the company may provide written ballots to be completed. If it is a large group of shareholders, the company may use an online voting system. The company must record the vote tallies, and the resolution passes if it receives more “yes” votes than “no” votes. The company must also announce the results of the vote. After the meeting, the company must keep a record of the voting results in its corporate records. Any shareholder can request to review the record. If the resolution is approved, the company must take action to make it official.

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What is the procedure for voting on resolutions at a shareholders' meeting?

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