TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

supermajority clause [1 record]

Record 1 1998-07-06

English

Subject field(s)
  • Amalgamation and Partnerships (Finance)
  • Stock Exchange
  • Investment
DEF

A corporate bylaw requiring approval by vote of 70 to 80 per cent of a company's shareholders before a major change such as a merger can take place.

French

Domaine(s)
  • Fusion, absorption et coparticipation (Finances)
  • Bourse
  • Investissements et placements
CONT

Clauses de majorité qualifiée. Le procédé est conçu en vue de rendre très difficile l'accomplissement de la deuxième étape d'une opération gigogne : prise de contrôle puis fusion.

Spanish

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