http://www.cii.org/majority_voting_directors

The Council of Institutional Investors' corporate governance policies state that in uncontested elections, directors should be elected by majority vote; directors who fail to receive majority support should step down from the board and not be reappointed.

" ... in an uncontested election, a nominee will be elected even if she receives just one "for" vote. Plurality voting in uncontested elections results in "rubber stamp" elections, entrenched boards and, at times, directors who lack the confidence of most of the shareholders.

CII believes that majority voting ensures that shareowners’ votes count and makes directors more accountable to the shareowners they represent.

"... 78 percent of companies in the Standard & Poor’s 500 Index use the majority vote standard for uncontested board elections... "