non-voting Definition in Cambridge Business English Dictionary
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Definition of "non-voting" - Business English Dictionary

non-voting

adjective [before noun]
 
 
FINANCE, STOCK MARKET used to describe company shares that do not allow their owners the right to vote at shareholder meetings: We own 500 shares of Class A non-voting stock in the company. The IRS agreed that the stock had a value of $37 per voting share and $35 per non-voting share.
FINANCE, WORKPLACE used to describe a member of a company's board of directors who does not have the right to vote: The airline's pilots agreed to a 2% pay cut in return for a non-voting board seat.
(Definition of non-voting from the Cambridge Business English Dictionary © Cambridge University Press)
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