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blankseplocked Corporate share management
 
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Danico Buchald
Caldari
Posted - 2011.06.30 19:31:00 - [1]
 

Assume you are setting up a holding company to manage dividend payments via corporate shares. To keep it simple there are 1000 shares:

* 501 held by CEO
* 400 distributed to shareholders
* 99 unsold

What's the best practice for handling the unsold shares? Held by CEO for extra dividends?

Caliph Muhammed
Caldari
Caldari Naval Criminal Investigative Service
Posted - 2011.06.30 20:59:00 - [2]
 

Edited by: Caliph Muhammed on 30/06/2011 21:00:36
510 is 51%. Assuming all shares are to be paid for, leave the rest in the wallet with access only available to the CEO. When you click dividend the amount of corporate held shares will divert the ISK back to the corp.

Danico Buchald
Caldari
Posted - 2011.06.30 22:13:00 - [3]
 

Is 51% the minimum required to guarantee vote control as opposed to a simple majority? None of the resources on corporate voting I've found actually mention what is required to insure a vote passes. Rolling Eyes

Dethmourne Silvermane
Gallente
Origin.
Black Legion.
Posted - 2011.06.30 22:17:00 - [4]
 

There are basically enough workarounds to voting that it's nigh impossible to guarantee vote passage without knowing how to game the system.

Danico Buchald
Caldari
Posted - 2011.07.01 16:32:00 - [5]
 

Originally by: Dethmourne Silvermane
There are basically enough workarounds to voting that it's nigh impossible to guarantee vote passage without knowing how to game the system.


Assume I am CEO and sole member of a corp and I own X shares of 1000 total. I put something up to a vote, then vote my shares yes. What is the minimum value of X?

Abdiel Kavash
Caldari
Paladin Order
Fidelas Constans
Posted - 2011.07.01 16:39:00 - [6]
 

Originally by: Danico Buchald
Originally by: Dethmourne Silvermane
There are basically enough workarounds to voting that it's nigh impossible to guarantee vote passage without knowing how to game the system.


Assume I am CEO and sole member of a corp and I own X shares of 1000 total. I put something up to a vote, then vote my shares yes. What is the minimum value of X?



1000.

Brock Nelson
Posted - 2011.07.01 16:54:00 - [7]
 

Originally by: Abdiel Kavash
Originally by: Danico Buchald
Originally by: Dethmourne Silvermane
There are basically enough workarounds to voting that it's nigh impossible to guarantee vote passage without knowing how to game the system.


Assume I am CEO and sole member of a corp and I own X shares of 1000 total. I put something up to a vote, then vote my shares yes. What is the minimum value of X?



1000.


And no max Twisted Evil

Danico Buchald
Caldari
Posted - 2011.07.01 17:21:00 - [8]
 

OK, can someone explain why this is the case?

Brock Nelson
Posted - 2011.07.01 17:24:00 - [9]
 

Edited by: Brock Nelson on 01/07/2011 17:23:59
Its a bug.

Someone found that you can cast votes multiple times using the same shares and it all gets counted regardless of how many shares there are.

So if you have 1 share, you can vote 30 times with that same share and it all gets counted. Not sure if CCP corrected that bug or not.

Danico Buchald
Caldari
Posted - 2011.07.01 17:47:00 - [10]
 

Originally by: Brock Nelson
Edited by: Brock Nelson on 01/07/2011 17:23:59
Its a bug.

Someone found that you can cast votes multiple times using the same shares and it all gets counted regardless of how many shares there are.

So if you have 1 share, you can vote 30 times with that same share and it all gets counted. Not sure if CCP corrected that bug or not.


Huh. I'm not sure I have enough palms for that facepalm.

Just tried it out and can't seem to replicate it, so maybe it was fixed. Or not.

So assuming the bug no longer exists, and no other extenuating circumstances apply, is a simple majority enough to carry a vote?


 

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