Ascertaining Shareholder Intent Using A Borda Count

In yesterday’s post, I described how an approval voting system could be used to determine shareholder preferences. The Borda count system is another system that also could provide more accurate information about the consensus opinion of shareholders.

The Borda count system is named for Jean-Charles de Borda, an 18th century French mathematician with a practical turn of mind. Monsieur Borda observed that when voters are presented with three or more choices, the choice that receives the most first votes in a plurality voting system may not the choice with highest overall standing. He therefore concluded that voters should be able to rank their preferences.

The Borda count system is illustrated by the following example.

Please see full article below fore more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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