As the word suggests, a supermajority is the requirement of more than a simple majority (of 51% or more). In the financial world, this word comes into use as an anti-merger or anti-acquisition move. Basically, it is an amendment in the company’s charter, which mandates the requirement...
The debates around the Smoke-Free Environments Amendment Bill in 2003 revealed some of the thinking behind the ban on smoking at schools. MP Steve Chad- wick, sponsor of the Bill in Parliament, said in Parlia- ment: 'Take away the irony of trying to teach children never to pick up ...