Final answer:
Most votes at the annual meetings of large public corporations are cast through majority (or plurality) voting. Shareholders vote for the board of directors based on the amount of stock they own.
Step-by-step explanation:
At the annual meetings of large public corporations, most votes are cast through majority (or plurality) voting. Under majority rule, a proposal or candidate must receive more than 50% of the votes cast to win. In plurality voting, the option with the most votes wins, regardless of whether it receives a majority. Supermajority rules may require a higher percentage of votes, such as 60% or two-thirds, for a measure to pass.
Shareholders, who own the public company, vote for a board of directors who hire top executives to run the firm. The number of votes a shareholder can cast depends on the amount of stock they own. The more stock a shareholder owns, the more votes they are entitled to cast for the company's board of directors.