[kevinpet]

The article doesn't clearly say board votes. It actually says "vote the shares", which, I'm not all that clear how often or with what significance shareholder votes happen in a pre-ipo company.

[harryh]

I'm not gonna save never because I'm sure there have been bizarre exceptions but....basically there are never shareholder votes. Only board votes.

[dirtyaura]

When the composition of board itself is changed, I think that has to be agreed by shareholders. There can be differences between legislations though.