Conditional clause in the agreement with a shareholder, granting the right to vote on a new course of action to achieve goals outlined in the agreement. The right to vote in a new direction is granted in the event the company is unable to achieve the results promised in the shareholder agreement.
Related information about contingent voting power:
- Contingent Voting Power Definition | Investopedia
A provision granting voting rights to preferred shareholders when the company cannot uphold the obligations outlined in the preferred shareholder arrangement.
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Contingent Voting Power: read the definition of Contingent Voting Power and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
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