I was wondering what happens if a shareholder of a publicly listed company does not exercise his or her right to vote.

I would be tempted to answer "nothing" but I am sure you guys know better.

Clarification: I'm asking what the consequences are for the shareholder, not for his missed vote


It's not included. All votes for and against are counted and the proposal action. Non voters are not counted.

Few decisions by company due to regulations or individual policy need a minimum number of valid votes. Often the number of shares held by individuals is too small for it to matter.

Edit: There is no obligation to vote. No penalty or fines for individual share holders.

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