GLOSSARY

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.

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