Shares, shareholders & voting · Working
Non-voting shares
Also called: nonvoting stock
ELI5
Shares carrying limited or no voting rights, subject to class terms and law.
Used in conversation
“Do not describe non-voting shares as agreed until the operative document says so.”
Pitch context
You will see “Non-voting shares” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches shares, shareholders & voting.
Why it matters: In shares, shareholders & voting, a loose definition can change rights, obligations, approval, disclosure or enforceability.
Caution
Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.
Sources & evidence · 4
Direct term-level sources and supporting source families.
- OECD — G20/OECD Principles of Corporate Governance 2023Direct source · institutional · checked 2026-08-16
- U.S. Securities and Exchange Commission — Small Business Capital Formation GlossaryDirect source · primary · checked 2026-08-16
- U.S. Securities and Exchange Commission — EDGAR and filing resourcesDirect source · primary · checked 2026-08-16
- National Institute of Standards and Technology — Computer Security Resource Center GlossarySupporting source family · primary · checked 2026-08-16