Outsider's swing vote definition

What does Outsider's swing vote mean?

A casting vote given to an impartial outsider (ie not a shareholder) to resolve a deadlock situation. At board level, this could be a non-executive director not connected with any of the shareholders. At shareholder level, the company may issue a golden share to the outsider. However, shareholders will often be reluctant to abdicate decision-making control over key commercial decisions to an outsider.

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

  Case studies

"It really is saving us a huge number of hours over the days, weeks and months. Having more relevant support at hand, not having to draft or review documents them from scratch - it all adds up."

Southampton FC

Access all documents on Outsider's swing vote