While disparate voting rights plans were gaining popularity with corporate managers in the 1920s, and investors showed a surprising willingness to purchase large amounts of nonvoting common stock, an increasingly vocal opposition also began emerging. (professorbainbridge.com)
The Minority Leader shall be an ex-officio nonvoting member of each committee, and at the Minority Leader's request, the President can substitute for the Minority Leader as a voting member on any committee. (ballotpedia.org)
The first phase of the plan went into effect earlier this year when salespeople and employees who were with the company as of June 30, 1996, were granted options to purchase nonvoting stock shares. (realtormag.realtor.org)