Cumulative Voting
The procedure of voting for a company's directors; each shareholder is entitled one vote per share times the number of directors to be elected.
This is sometimes known as 'proportional voting'. Investopedia Says:
For example, if you owned 100 shares and there were three directors to be elected, you would have 300 votes. This is advantageous for individual investors because they can apply all of their votes toward one person. Related Terms:
Statutory Voting
Voting Shares |