Common stock entitles the owner of this stock to a vote, based on the number of shares held in most cases, the board of directors for the corporation.
Explanation:
The vote usually takes place once a year at the annual general meting of the shareholders. Holders of common stock are also entitled to vote on policies that govern the corporation. Common stock is different to preferred shares, and bonds.
The Electoral College was created for two reasons. The first purpose was to create a buffer between the population and the selection of a President. The second as part of the structure of the government that gave extra power to the smaller states.
