The terms are used in corporate law to distinguish between types of votes at general meetings of shareholders.
A vote on a show of hands just counts up the PEOPLE voting for and against. It takes no account of the number of votes that each voter may have.
A poll vote takes into account the number of shares that a voter has.
This is why votes are normally held as a show of hands where there is unlikely to be any opposition and why typically any two shareholders together, or any one shareholder holding more than 10% of the vote may force a vote to be taken by poll.
Why, one might ask, do companies have votes on a show-of-hands? The answer is that it is quicker and simpler to manage and for things like the election of directors, auditors etc the business can get done in a minute or two rather than checking the number of shares exercised by each voter. In small companies it might not make much difference - you can quickly see that the scales involved make this quickly impractical.
A vote on a show of hands just counts up the PEOPLE voting for and against. It takes no account of the number of votes that each voter may have.
A poll vote takes into account the number of shares that a voter has.
This is why votes are normally held as a show of hands where there is unlikely to be any opposition and why typically any two shareholders together, or any one shareholder holding more than 10% of the vote may force a vote to be taken by poll.
Why, one might ask, do companies have votes on a show-of-hands? The answer is that it is quicker and simpler to manage and for things like the election of directors, auditors etc the business can get done in a minute or two rather than checking the number of shares exercised by each voter. In small companies it might not make much difference - you can quickly see that the scales involved make this quickly impractical.