Oregon Voting Agreement Among Stockholders to Elect Directors is a legal document that outlines the terms and conditions agreed upon by shareholders to exercise their voting rights in the election of directors for a company incorporated in Oregon. This agreement plays a crucial role in facilitating corporate governance and ensuring the smooth functioning of the company's board of directors. The Oregon Voting Agreement Among Stockholders to Elect Directors typically involves shareholders who collectively hold a significant number of shares in the company. By entering into this agreement, the shareholders agree to vote their shares in a coordinated manner to elect specific individuals as directors during the company's annual general meeting or any other relevant voting event. This agreement ensures that the shareholders who are party to it act in a unified manner, consolidating their voting power to support a specific slate of directors or to achieve certain objectives concerning the composition of the board. This helps in preventing fragmented voting patterns that could lead to inconsistent decision-making within the company. The different types of Oregon Voting Agreement Among Stockholders to Elect Directors may include: 1. Majority Voting Agreement: In this type of agreement, the shareholders agree to vote in favor of a slate of candidates that are supported by the majority of shareholders. It ensures that the board reflects the will of the majority and avoids conflicts arising from a divided board. 2. Minority Voting Agreement: This type of agreement may be entered into by a minority group of shareholders who collectively hold a substantial number of shares. It allows the minority shareholders to have a say in the board's composition by exercising their combined voting power. 3. Proxy Voting Agreement: A proxy voting agreement is a common form of voting agreement where shareholders authorize a designated proxy to vote on their behalf. This type of agreement is useful when shareholders are unable to personally attend the voting event, and it ensures that their voting rights are exercised according to their instructions. 4. Cumulative Voting Agreement: Cumulative voting allows shareholders to concentrate their votes on specific candidates, thereby enhancing their influence in the director election process. In this agreement, shareholders agree to pool their votes and allocate them across different candidates, potentially enabling minority shareholders to secure representation on the board. By entering into an Oregon Voting Agreement Among Stockholders to Elect Directors, shareholders exert their voting power collectively, creating a more cohesive and aligned approach to director elections. Additionally, this agreement promotes stability and continuity within the company's leadership, safeguarding the shareholders' interests and facilitating effective corporate governance.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.