Voting of Shares 24. (1) Subject to the charter of the company and any by-law enacted pursuant to subsection 12(4), each issued and allotted common share of the company carries voting rights and, for each such share held by a shareholder, the shareholder is thereby entitled to one vote. (2) Preferred shares of the company do not carry voting rights. R.S., c. T-4, s. 23.