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

Shareholders of a corporation must hold a shareholders’ meeting at least once a year, as required by the State of Virginia. During the meeting, shareholders vote on resolutions related to the company’s operations. The exact procedure for voting on resolutions can vary depending on the corporation’s governing documents. At a minimum, shareholders should receive notice of the meeting and any proposed resolutions at least 10 days before the meeting date. At the meeting, the chairman will review the proposed resolutions and ask for questions from shareholders. Then shareholders will vote on each resolution. The chairman will ask the shareholders to vote by either a show of hands or by secret ballot. If shareholders vote by show of hands, everyone present will raise their hands to indicate their vote. If shareholders choose to vote by secret ballot, each person will receive a ballot paper with the proposed resolution or resolutions listed on it and will mark either “yes” or “no” for each. Once everyone has voted, the ballots are collected and counted by the chairman. Once the tally is complete, the chairman will announce the vote tallies and the resolution will either be accepted or rejected. If accepted, the resolution will be added to the company’s governing documents. If rejected, the resolution will be discarded.

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

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