Keywords:
Right to vote. Majority principle. Share capital. Control power. Plural vote.
Summary:
This article examines the majority principle in corporate resolutions, which guides voting rights within companies. This principle assigns voting rights according to shareholding in the company's capital, reflecting the risk assumed by each shareholder. However, corporate law has long coexisted with relativizations of this principle—a phenomenon that has intensified recently, both in publicly traded and privately held companies. The study analyzes the foundations, exceptions, and impacts of the relativization of the majority principle, including after the introduction of plural voting by Law No. 14.195/21, as well as its effects on corporate governance and the protection of minority shareholders.
How to cite:
GABRIEL, Gustavo Melo. The right to vote: brief reflections on the growing relativization of the majority principle in corporate decisions. Semiannual Journal of Business Law, Rio de Janeiro, no. 35, pp. 235–261, Jul./Dec. 2024.